Complete Solaria issues $32.3M additional 7% convertible notes due 2029 for SunPower deal

SunPower Inc.

Issued $32.3M aggregate principal of 7.00% Convertible Senior Notes due 2029 on Sep 24, 2024.
Proceeds to fund cash consideration for SunPower asset purchase and general corporate purposes.
Initial conversion rate: 467.8363 shares per $1,000 principal; conversion allowed after Sep 16, 2025.
Company may redeem notes after Sep 16, 2026 if stock price ≥150% of conversion price for 20 of 30 trading days.
If SunPower deal fails to close, holders have 30-day special repurchase right at 100.5% of principal or value.

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