---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-064680"
form_type: "8-K"
ticker: "SPWR"
cik: "0001838987"
company_name: "SunPower Inc."
filed_at: "2025-07-16T23:59:59+00:00"
generated_at: "2026-05-18T06:17:40.505746+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Complete Solaria issues $5M convertible note to CEO Thurman Rodgers at 12% interest

## Summary
- Convertible promissory note for $5,000,000 issued to a trust controlled by CEO Thurman J. Rodgers.
- Note bears 12% interest, matures July 1, 2029; interest payable semiannually starting Jan 1, 2026.
- Conversion rate initially 558.6592 shares per $1,000 principal; max ~2,793,296 shares issuable.
- Company may redeem note after July 5, 2026 if stock price meets specified thresholds.
- Issued under Section 4(a)(2) exemption; shares upon conversion exempt under Section 3(a)(9).

## SEC filing metadata
- accession: 0001213900-25-064680
- form_type: 8-K
- ticker: SPWR
- cik: 0001838987
- company_name: SunPower Inc.
- filed_at: 2025-07-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838987/000121390025064680/0001213900-25-064680-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838987/000121390025064680/ea0249165-8k_complete.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-064680
- JSON: https://secwatch.observer/filing/0001213900-25-064680.json
- Plain text: https://secwatch.observer/filing/0001213900-25-064680.txt

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