Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.95
SunPower Inc. completed an acquisition involving Cobalt Power Systems, Inc. and its stockholders for 1.8 million shares of common stock at closing, plus agreement to issue additional $3.33 million of shares on 12-month anniversary and $3.33 million on 18-month (closed 2026-02-02).
- Action
- acquisition
- Counterparty
- Cobalt Power Systems, Inc. and its stockholders
- Consideration
- 1.8 million shares of common stock at closing, plus agreement to issue additional $3.33 million of shares on 12-month anniversary and $3.33 million on 18-month
- Closing
- 2026-02-02
Exact text from the filing
On January 30, 2026, SunPower Inc., a Delaware corporation (the “ Company ”), entered into a Share Purchase Agreement (the “ Share Purchase Agreement ”) with Cobalt Power Systems, Inc., a California corporation (“ Cobalt ”), and Cobalt’s stockholders (the “ Stockholders ”). The Company, Cobalt and the Stockholders completed the closing under the Share Purchase Agreement (the “ Closing ”) on February 2, 2026. At the Closing, the Company acquired all of the outstanding stock of Cobalt from the Stockholders for: (a) 1.8 million shares (the “ Closing Consideration Shares ”) of common stock of the Company, $0.0001 par value per share (the “ Common Stock ”), issued at the Closing to the Stockholders; and (b) the agreement to issue an additional $3.33 million of shares of Common Stock on the 12-month anniversary of the Closing and an additional $3.33 million of shares of Common Stock on the 18-month anniversary of the Closing (such additional shares of Common Stock, the “ Post-Closing Conside
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
SunPower Inc. entered into Share Purchase Agreement with Cobalt Power Systems, Inc. valued at 1.8 million shares of common stock issued at closing; up to additional $6.66 million of shares of co (effective 2026-01-30).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Cobalt Power Systems, Inc.
- Value
- 1.8 million shares of common stock issued at closing; up to additional $6.66 million of shares of co
- Effective
- 2026-01-30
Exact text from the filing
On January 30, 2026, SunPower Inc., a Delaware corporation (the “ Company ”), entered into a Share Purchase Agreement (the “ Share Purchase Agreement ”) with Cobalt Power Systems, Inc., a California corporation (“ Cobalt ”), and Cobalt’s stockholders (the “ Stockholders ”).
View on SEC.gov