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 convertible notes of $2,000,000 with a trust controlled by Thurman J. Rodgers at 12% interest rate maturing July 1, 2029.
- Instrument
- convertible notes
- Principal
- $2,000,000
- Counterparty
- a trust controlled by Thurman J. Rodgers
- Rate
- 12% interest rate
- Maturity
- July 1, 2029
- Event
- incurrence
Exact text from the filing
On November 20, 2025, SunPower Inc. (the "Company") issued a convertible promissory note in the original principal amount of $2,000,000 (the "Note") to a trust controlled by Thurman J. Rodgers, the Company’s Chief Executive Officer and Executive Chairman.
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Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
SunPower Inc. issued convertible note to a trust controlled by Thurman J. Rodgers for $2,000,000.
- Security
- convertible note
- Purchaser
- a trust controlled by Thurman J. Rodgers
- Consideration
- $2,000,000
Exact text from the filing
1.01 Entry Into a Material Definitive Agreement. On November 20, 2025, SunPower Inc. (the “Company”) issued a convertible promissory note in the original principal amount of $2,000,000 (the “Note”) to a trust controlled by Thurman J. Rodgers, the Company’s Chief Executive Officer and Executive Chairman. The Note bears a 12% interest rate. The Note is a general
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Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.9
SunPower Inc. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
- Exchange
- nasdaq
- Notice
- deficiency notice
- Deficiency
- late filing
- Rules
- 5250(c)(1)
Exact text from the filing
November 19, 2025, the Company received an expected letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, as a result of the Company’s delay in filing its Quarterly Report on Form 10-Q for the quarter ended September 28, 2025 (the “Q3 Form 10-Q”), the Company was not in compliance with the timely filing requirements for continued listing under Nasdaq Listing Rule 5250(c)(1). The Nasdaq letter has no immediate effect on the listing or trading of the Company’s common stock or warrants. The Company’s Form 12b-25 notice (the “Form 12b-25”) filed wi
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