---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-078181"
form_type: "8-K"
ticker: "SPWR"
cik: "0001838987"
company_name: "SunPower Inc."
filed_at: "2024-09-12T23:59:59+00:00"
generated_at: "2026-05-31T05:17:27.986156+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-078181
- form_type: 8-K
- ticker: SPWR
- cik: 0001838987
- company_name: SunPower Inc.
- filed_at: 2024-09-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838987/000121390024078181/0001213900-24-078181-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838987/000121390024078181/ea0214319-8k_complete.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-078181
- JSON: https://secwatch.observer/filing/0001213900-24-078181.json
- Plain text: https://secwatch.observer/filing/0001213900-24-078181.txt

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