---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-010846"
form_type: "8-K"
ticker: "SPWR"
cik: "0001838987"
company_name: "SunPower Inc."
filed_at: "2026-02-02T23:59:59+00:00"
generated_at: "2026-05-16T05:44:14.451283+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SunPower acquires Cobalt Power Systems for 1.8M shares plus $6.66M in earnout shares

## Summary
- SunPower acquired all outstanding Cobalt Power Systems stock on Feb 2, 2026, in a stock-based deal.
- Consideration: 1.8M shares at closing; additional $3.33M in shares on 12-month and $3.33M on 18-month anniversaries.
- Up to $2M in RSUs for continuing Cobalt employees; 850K RSU inducement grants to key employees.
- SunPower agreed to register the Consideration Shares for resale under the Securities Act.
- Number of future Post-Closing Consideration Shares determined by 5-day trailing VWAP.

## SEC filing metadata
- accession: 0001213900-26-010846
- form_type: 8-K
- ticker: SPWR
- cik: 0001838987
- company_name: SunPower Inc.
- filed_at: 2026-02-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838987/000121390026010846/0001213900-26-010846-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838987/000121390026010846/ea0274976-8k_sunpower.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-010846
- JSON: https://secwatch.observer/filing/0001213900-26-010846.json
- Plain text: https://secwatch.observer/filing/0001213900-26-010846.txt

## Source-grounded claims
- claim_id: d64c664db5bd56427bb9c8d2f96b2fc8cee1d52c
  claim: 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).
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838987/000121390026010846/0001213900-26-010846-index.htm
- claim_id: 057a6ff7197d9dad01e2d55a30cc88c466aa20b3
  claim: 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).
  evidence_excerpt: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838987/000121390026010846/0001213900-26-010846-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.