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 debt of $20,000,000 with the Member at 7.0% per annum, compounded quarterly maturing 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.
- Principal
- $20,000,000
- Counterparty
- the Member
- Rate
- 7.0% per annum, compounded quarterly
- Maturity
- 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
- Event
- incurrence
Exact text from the filing
the Company issued the Seller Note to the Member in connection with the Closing of the transactions under the Membership Interest Purchase Agreement. The Seller Note has an original principal amount of $20,000,000. The Seller Note bears 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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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
SunPower Inc. incurred convertible notes of $22,000,000 with note purchasers under September 2025 Note Purchase Agreements at 7.00% per year maturing July 1, 2029.
- Instrument
- convertible notes
- Principal
- $22,000,000
- Counterparty
- note purchasers under September 2025 Note Purchase Agreements
- Rate
- 7.00% per year
- Maturity
- July 1, 2029
- Event
- incurrence
Exact text from the filing
the Company closed the transactions under the September 2025 Note Purchase Agreements, and the Company issued $22,000,000 aggregate principal amount of the 7.00% Notes on September 23, 2025.
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
SunPower Inc. completed an acquisition involving Chicken Parm Pizza LLC for $20,000,000 cash, $20,000,000 seller note, and 3,333,334 shares of common stock initially plus up to 6,666,666 additional shares subject to stockholder approval (closed 2025-09-24).
- Action
- acquisition
- Counterparty
- Chicken Parm Pizza LLC
- Consideration
- $20,000,000 cash, $20,000,000 seller note, and 3,333,334 shares of common stock initially plus up to 6,666,666 additional shares subject to stockholder approval
- Closing
- 2025-09-24
Exact text from the filing
On September 24, 2025, the Company, Buyer, Sunder and the Member completed the closing under the Membership Interest Purchase Agreement (the “ Closing ”). Upon the Closing, the Buyer acquired all of the equity interests of Sunder from the Member in consideration for: (i) $20,000,000 in cash paid at the Closing, subject to customary balance sheet and working capital adjustments (the “ Closing Cash Consideration ”); (ii) a promissory note issued at the Closing by the Company to the Member in the principal amount of $20,000,000 (the “ Seller Note ”); (iii) 3,333,334 shares of common stock of the Company, $0.0001 par value per share (the “ Common Stock ”), issued at the Closing by the Company to the Member (the “ Initial Consideration Shares ”); and (iv) subject to approval of such issuances by the Company’s stockholders following the Closing in accordance with the rules and regulations of the Nasdaq Stock Market (including Nasdaq Listing Rule 5635(a)), (x) an additional 3,333,333 shares o
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