secwatch.observer — SEC 8-K summary
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Issuer:     SunPower Inc. (SPWR)
CIK:        0001838987
Form:       8-K
Filed at:   2026-03-11T23:59:59+00:00
Accession:  0001213900-26-026160
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SunPower issues $10M convertible debenture to YA II PN at 90% of par; conversion at $2.50/share
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838987/000121390026026160/0001213900-26-026160-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838987/000121390026026160/ea0280906-8k_sunpower.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-026160

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