Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
SunPower Inc. incurred loan of $20,000,000 with Chicken Parm Pizza LLC at 7.0% per annum, compounded quarterly maturing earlier of May 15, 2026 and the date on which all amounts become due and payable following an event of default.
- Instrument
- loan
- Principal
- $20,000,000
- Counterparty
- Chicken Parm Pizza LLC
- Rate
- 7.0% per annum, compounded quarterly
- Maturity
- earlier of May 15, 2026 and the date on which all amounts become due and payable following an event of default
- Event
- incurrence
Exact text from the filing
The Company will execute and issue the Seller Note to the Member at the Closing. The Seller Note will have an original principal amount of $20,000,000. The Seller Note will bear interest at 7.0% per annum, compounded quarterly, and the maturity date under the Seller Note is the earlier of (i) May 15, 2026 and (ii) the date on which all amounts under the Seller Note otherwise become due and payable following an event of default.
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Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
SunPower Inc. issued aggregate principal amount of $22,000,000 of convertible note to multiple purchasers for $22,000,000 aggregate principal.
- Security
- convertible note
- Shares
- aggregate principal amount of $22,000,000
- Purchaser
- multiple purchasers
- Consideration
- $22,000,000 aggregate principal
Exact text from the filing
Purchase Agreements ”) with multiple purchasers relating to the private offering of the Company’s 7.00% Convertible Senior Notes due 2029 in the aggregate principal amount of $22,000,000 (the “ 7.00% Notes ”), and the Company has commitments to purchase an additional $225,000 principal amount of the 7.00% Notes. The 7.00% Notes are expected to be issued on or
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Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
SunPower Inc. issued 3,333,334 shares of common stock of common stock to Member (Chicken Parm Pizza LLC) for $20,000,000 in cash, a $20,000,000 promissory note, and deferred stock.
- Security
- common stock
- Shares
- 3,333,334 shares of common stock
- Purchaser
- Member (Chicken Parm Pizza LLC)
- Consideration
- $20,000,000 in cash, a $20,000,000 promissory note, and deferred stock
Exact text from the filing
the Membership Interest Purchase Agreement (the “ Closing ”), Buyer will acquire all of the outstanding membership interests of Sunder from the Member for: (i) $20,000,000 in cash paid at Closing, subject to certain working capital and other adjustments; (ii) a promissory note issued at the Closing by the Company to the Member in the principal
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Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
SunPower Inc. issued 6,666,666 shares of Common Stock (Deferred Consideration Shares) of common stock to Member (Chicken Parm Pizza LLC) for deferred stock issuable on anniversaries of Closing.
- Security
- common stock
- Shares
- 6,666,666 shares of Common Stock (Deferred Consideration Shares)
- Purchaser
- Member (Chicken Parm Pizza LLC)
- Consideration
- deferred stock issuable on anniversaries of Closing
Exact text from the filing
When issued pursuant to the Membership Interest Purchase Agreement, the Initial Consideration Shares, the Deferred Consideration Shares and the Seller Note will not be registered under the Securities Act or any state securities laws, and such securities will be issued to the Member in a transaction exempt from registration under the Securities Act in reliance upon the exemption from registration provided by Section 4(a)(2) under the Securities Act.
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