8-K
filed March 11, 2026, 7:59 PM ET
ticker SPWR
CIK 0001838987
debt
confidence high
sentiment negative
materiality 0.70
SunPower issues $10M convertible debenture to YA II PN at 90% of par; conversion at $2.50/share
SunPower Inc.
- Issued $10M convertible debenture for $9M (90% of principal) to YA II PN, LTD.; 0% interest (18% on default).
- Debenture matures March 6, 2027; investor may convert at $2.50 fixed price or 95% of 5-day VWAP after installments.
- Five installment payments of $2M each plus $60K premium due May–Sep 2026; optional redemption at 3% premium (waived if before Apr 30, 2026).
- Shares issuable capped at 22,381,878 (Nasdaq exchange cap) unless stockholder approval obtained; 4.99% beneficial ownership limit.
- Amended seller note with Sunder Energy; maturity extended to Sep 30, 2026 (or Dec 31 if registration not effective), interest increases to 10% after May 15, 2026.
Key facts
Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
SunPower Inc. issued convertible note to YA II PN, LTD. for principal amount of $10,000,000 for a purchase price of $9,000,000.
- Security
- convertible note
- Purchaser
- YA II PN, LTD.
- Consideration
- principal amount of $10,000,000 for a purchase price of $9,000,000
Exact text from the filing
of which is filed herewith as Exhibit 10.1. Pursuant to the Purchase Agreement, the Investor purchased and the Company issued a convertible debenture in the principal amount of $10,000,000 (the “ Debenture ”). At the closing under the Purchase Agreement, the Company issued the Debenture to the Investor in the original principal amount of $10,000,000 for a purchase
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
SunPower Inc. entered into Purchase Agreement with YA II PN, LTD. valued at $10,000,000 (effective 2026-03-06).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- YA II PN, LTD.
- Value
- $10,000,000
- Effective
- 2026-03-06
Exact text from the filing
On March 6, 2026 (the “ Effective Date ”), SunPower Inc. (the “ Company ”) entered into a Purchase Agreement (the “ Purchase Agreement ”) with YA II PN, LTD., a Cayman Islands exempt limited company (the “ Investor ”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
SunPower Inc. entered into Debenture with YA II PN, LTD. valued at $10,000,000 (effective 2026-03-06).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- YA II PN, LTD.
- Value
- $10,000,000
- Effective
- 2026-03-06
Exact text from the filing
Pursuant to the Purchase Agreement, the Investor purchased and the Company issued a convertible debenture in the principal amount of $10,000,000 (the “ Debenture ”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.7
SunPower Inc. amended Amendment and Agreement (the "Sunder Amendment") with Chicken Parm Pizza LLC (effective 2026-03-05).
- Action
- amendment
- Agreement
- notes offering
- Counterparty
- Chicken Parm Pizza LLC
- Effective
- 2026-03-05
Exact text from the filing
On March 5, 2026, in connection with the transactions under the Purchase Agreement and the Debenture, the Company and Chicken Parm Pizza LLC (the “ Sunder Member ”) entered into an Amendment and Agreement (the “ Sunder Amendment ”) relating to (i) the Membership Interest Purchase Agreement,
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
SunPower Inc. entered into Registration Rights Agreement with YA II PN, LTD. (effective 2026-03-06).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- YA II PN, LTD.
- Effective
- 2026-03-06
Exact text from the filing
In connection with the Purchase Agreement and the Debenture, the Company entered into a registration rights agreement (the “ Registration Rights Agreement ”) with the Investor, pursuant to which the Company agreed to file a registration statement registering the resale of the Common Stock underlying the Debenture and the Common Stock subject to advances pursuant to the SEPA.
View on SEC.gov
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