Complete Solaria closes $45M acquisition of SunPower's Blue Raven Solar and new homes assets

SunPower Inc.

Acquired SunPower's Blue Raven Solar business, new homes business, and non-installing dealer network for $45M cash; closed Sept 30, 2024.
Funded with $80M in 7.00% Convertible Senior Notes due 2029; CEO Thurman J. Rodgers purchased $8M of the notes.
Entered Transition Services Agreement: SunPower provides forward transition services; Complete Solaria provides reverse services at no cost.
Complete Solaria pays SunPower's transition costs including license fees, employee costs, and out-of-pocket expenses plus fixed costs.
Financial statements and pro forma information for the acquired business to be filed within 71 days after Oct 4, 2024.

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