{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-009812","form_type":"8-K","ticker":"SPWR","cik":"0001838987","company_name":"SunPower Inc.","filed_at":"2026-01-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.475715+00:00","generated_at":"2026-05-16T06:04:39.810226+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"SunPower enters $20M standby equity purchase agreement and issues $3.3M convertible note to CEO’s trust","bullets":["SEPA with YA II PN for up to $20M pre-paid advances; first tranche of $1.9M funded Jan 27, 2026.","Pre-paid advances carry 0% interest (18% on default); convertible at lower of 125% of VWAP or 93% of 5-day low.","Company also has right to sell up to $25M of common stock to Investor through 2029, subject to 19.99% exchange cap.","Issued $3.3M convertible note (12% interest, due July 2029) to trust controlled by CEO Thurman J. Rodgers; convertible at 540.5405 shares per $1,000.","175,000 commitment shares issued to YA II PN; proceeds used for general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-009812","json":"https://secwatch.observer/filing/0001213900-26-009812.json","markdown":"https://secwatch.observer/filing/0001213900-26-009812.md","text":"https://secwatch.observer/filing/0001213900-26-009812.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1838987/000121390026009812/0001213900-26-009812-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1838987/000121390026009812/ea0274479-8k_sunpower.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T06:04:39.810226+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"23653428f21835c2830cb8ac878f7c11b2f1a0f5","claim":"SunPower Inc. entered into Standby Equity Purchase Agreement with YA II PN, LTD. valued at up to $20 million (effective 2026-01-27).","evidence_excerpt":"SunPower Inc. (the “ Company ”) entered into a Standby Equity Purchase Agreement (the “ SEPA ”) with YA II PN, LTD., a Cayman Islands exempt limited company (the “ Investor ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1838987/000121390026009812/0001213900-26-009812-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"YA II PN, LTD."},{"label":"Value","value":"up to $20 million"},{"label":"Effective","value":"2026-01-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}