{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-026160","form_type":"8-K","ticker":"SPWR","cik":"0001838987","company_name":"SunPower Inc.","filed_at":"2026-03-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.476314+00:00","generated_at":"2026-05-15T15:04:26.164990+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"SunPower issues $10M convertible debenture to YA II PN at 90% of par; conversion at $2.50/share","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-026160","json":"https://secwatch.observer/filing/0001213900-26-026160.json","markdown":"https://secwatch.observer/filing/0001213900-26-026160.md","text":"https://secwatch.observer/filing/0001213900-26-026160.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1838987/000121390026026160/0001213900-26-026160-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1838987/000121390026026160/ea0280906-8k_sunpower.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T15:04:26.164990+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":"2100db1cd2277c80a6e696f12462f8e0b430512d","claim":"SunPower Inc. entered into Purchase Agreement with YA II PN, LTD. valued at $10,000,000 (effective 2026-03-06).","evidence_excerpt":"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 ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1838987/000121390026026160/0001213900-26-026160-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":"$10,000,000"},{"label":"Effective","value":"2026-03-06"}],"fact_type":"material_agreement"},{"claim_id":"6c676d6fb98fda7b2f17580805e4ce1182b71a63","claim":"SunPower Inc. entered into Debenture with YA II PN, LTD. valued at $10,000,000 (effective 2026-03-06).","evidence_excerpt":"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 ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1838987/000121390026026160/0001213900-26-026160-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"YA II PN, LTD."},{"label":"Value","value":"$10,000,000"},{"label":"Effective","value":"2026-03-06"}],"fact_type":"material_agreement"},{"claim_id":"873544104749d7575680b2546cc3aea1b4f68f65","claim":"SunPower Inc. amended Amendment and Agreement (the \"Sunder Amendment\") with Chicken Parm Pizza LLC (effective 2026-03-05).","evidence_excerpt":"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,","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1838987/000121390026026160/0001213900-26-026160-index.htm","confidence":0.7,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Chicken Parm Pizza LLC"},{"label":"Effective","value":"2026-03-05"}],"fact_type":"material_agreement"},{"claim_id":"c2d81526982209d4cf89316cb86a05ecc01f34eb","claim":"SunPower Inc. entered into Registration Rights Agreement with YA II PN, LTD. (effective 2026-03-06).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1838987/000121390026026160/0001213900-26-026160-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"YA II PN, LTD."},{"label":"Effective","value":"2026-03-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}