Complete Solaria acquires SunPower businesses for $52.7M; acquired units show $227.5M net loss, going concern doubt

SunPower Inc.

Acquisition of Blue Raven Solar, New Homes, and Dealer network assets closed Sept 30, 2024 for $52.7M cash.
Acquired businesses had revenue of $273.1M (39 weeks 2024) vs $610M (FY2023); net loss of $227.5M.
Goodwill impairment of $103.9M contributed to operating loss of $227.8M for the 39-week period.
Auditor's report notes substantial doubt about acquired businesses' ability to continue as a going concern.
Pro forma combined financial statements for CSLR filed for periods ended Sep 29, 2024 and Dec 31, 2023.

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