Complete Solaria raises $52.5M via 7% convertible notes; CEO affiliate invests $8M

SunPower Inc.

Aggregate principal $52.5M, including $8M from entity affiliated with CEO T.J. Rodgers.
Initial conversion price ~$2.14/share, ~25% premium over Sep 6 closing price.
Proceeds to fund SunPower asset purchase and general corporate purposes.
$32.5M issued at closing; remaining $20M subject to conditions (one investor committed $14M by Dec 31, 2024).
Maturity Sep 15, 2029; interest 7% semiannual; convertible after first anniversary; special repurchase if SunPower deal fails.

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