---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-042914"
form_type: "8-K"
ticker: "SPWR"
cik: "0001838987"
company_name: "SunPower Inc."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T01:12:15.891589+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Complete Solaria lowers forward purchase reset price to $1.00, amends VWAP trigger

## Summary
- Reset price reduced from $3.00 to $1.00 per share in second amendments with Sandia and Polar.
- VWAP trigger event amended: after Dec 31, 2024, trigger if VWAP below $1.00 for 20 of 30 trading days.
- Sandia Second Amendment effective only if similar amendments executed with both Polar and Meteora.

## SEC filing metadata
- accession: 0001213900-24-042914
- form_type: 8-K
- ticker: SPWR
- cik: 0001838987
- company_name: SunPower Inc.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838987/000121390024042914/0001213900-24-042914-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838987/000121390024042914/ea0206018-8k_complete.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-042914
- JSON: https://secwatch.observer/filing/0001213900-24-042914.json
- Plain text: https://secwatch.observer/filing/0001213900-24-042914.txt

## Key facts
- Material Agreements
  SunPower Inc. amended Forward Purchase Agreement Second Amendment with Sandia Investment Management LP valued at Reset price lowered to $1.00 per share; VWAP Trigger Event amended (effective 2024-05-07).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: Sandia Investment Management LP
  - Value: Reset price lowered to $1.00 per share; VWAP Trigger Event amended
  - Effective: 2024-05-07
  source text: On May 7 and 8, 2024, respectively, the Company entered into separate amendments to the Forward Purchase Agreements (the collectively the “Second Amendments”) with Sandia (the “Sandia Second Amendment”) and Polar (the “Polar Second Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838987/000121390024042914/0001213900-24-042914-index.htm
- Material Agreements
  SunPower Inc. amended Forward Purchase Agreement Second Amendment with Polar Multi-Strategy Master Fund valued at Reset price lowered to $1.00 per share; VWAP Trigger Event amended (effective 2024-05-08).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: Polar Multi-Strategy Master Fund
  - Value: Reset price lowered to $1.00 per share; VWAP Trigger Event amended
  - Effective: 2024-05-08
  source text: On May 7 and 8, 2024, respectively, the Company entered into separate amendments to the Forward Purchase Agreements (the collectively the “Second Amendments”) with Sandia (the “Sandia Second Amendment”) and Polar (the “Polar Second Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838987/000121390024042914/0001213900-24-042914-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.