Complete Solaria closes acquisition of Sunder Energy, issues $22M convert notes and $20M seller note

SunPower Inc.

Completed acquisition of Sunder Energy LLC for $20M cash, $20M seller note, and up to ~10M common shares (3.33M initial plus 6.67M deferred subject to stockholder approval).
Issued $22M aggregate principal of 7% Convertible Senior Notes due 2029; net proceeds $19.8M used to fund cash portion and transaction expenses.
Issued a $20M seller note to the member at 7% interest, maturing May 2026 or earlier upon change of control or default.
Initial consideration shares of 3,333,334 common stock issued at closing; deferred shares require Nasdaq approval and shareholder vote.
Financial statements of Sunder not yet available; will be filed by amendment within 71 days of this 8-K.

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