8-K filed April 22, 2026, 7:59 PM ET ticker SPWR CIK 0001838987

debt confidence high sentiment positive materiality 0.85

SunPower raises $41M via 10% convertible notes due 2029; reduces debt by $40M

SunPower Inc.

Issued $41M aggregate principal of 10.00% Convertible Senior Secured Notes due May 1, 2029; conversion price $1.6385/share (45% premium to $1.13 close).
Proceeds used to prepay $5M of YA Debenture, pay $4.75M Siemens settlement, $4M to CPP, and ~$1.5M fees; net ~$9.75M for working capital.
CEO Thurman J. Rodgers invested $6M personally via an affiliate; Sunder Energy former owners converted $10M of M&A debt into the new notes.
Separate exchange agreements repurchased $21.25M of 7.0% Convertible Senior Notes for 18.8M shares of common stock plus accrued interest.
Total debt reduction of $40M from the offering, exchange, and Sunder conversion; A&R Seller Note to CPP revised to $7M at 7%-10% interest.

item 1.01 item 2.03 item 3.02 item 7.01 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001213900-26-046407
form_type: 8-K
ticker: SPWR
cik: 0001838987
company_name: SunPower Inc.
filed_at: 2026-04-22T23:59:59+00:00
discovered_at: 2026-05-14T18:02:33.081980+00:00
generated_at: 2026-05-15T04:55:41.665583+00:00
sec_items: ["1.01", "2.03", "3.02", "7.01", "9.01"]
event_type: debt
sentiment: positive
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: high
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Source-grounded claims

abc74fba9f0b0a7a7d4c5d86422e7c4c4e0874b8

SunPower Inc. incurred convertible notes of $41,000,000 aggregate principal amount with Qualified institutional buyers, an entity affiliated with T.J. Rodgers, and Chicken Parm Pizza LLC at 10.00% per year maturing May 1, 2029.

On April 21, 2026, SunPower Inc. (the “ Company ”) entered into note purchase agreements (the “ Note Purchase Agreements ”) relating to the private offering (the “ Offering ”) of $41,000,000 aggregate principal amount of the Company’s 10.00% Convertible Senior Secured Notes due 2029 (the “ Notes ”)

SEC 8-K Item 2.03/2.04 confidence 0.9 SEC evidence

65505835c268755e167b8e22a1916a2009a58b26

SunPower Inc. entered into Affiliate Note Purchase Agreement with an entity affiliated with Thurman John “T.J.” Rodgers, the Company’s Chief Executive Officer and Chairman valued at $6,000,000 principal amount of Notes (effective 2026-04-21).

$6,000,000 principal amount of Notes issuable to an entity affiliated with Thurman John “T.J.” Rodgers, the Company’s Chief Executive Officer and Chairman pursuant to a Note Purchase Agreement executed between the Company and such affiliated entity (the “ Affiliate Note Purchase Agreement ”)

SEC 8-K Item 1.01/1.02 confidence 0.7 SEC evidence

697e14c1350d14261aa5779a9e45a03fe70826f7

SunPower Inc. entered into CPP Note Purchase Agreement with Chicken Parm Pizza LLC (“ CPP ”) valued at $10,000,000 aggregate principal amount of Notes (effective 2026-04-21).

Also on April 21, 2026, the Company entered into a Note Purchase Agreement with CPP (the “ CPP Note Purchase Agreement ”)

SEC 8-K Item 1.01/1.02 confidence 0.9 SEC evidence

fcf9e1897de3607b2f27e743b9cd3758dad26185

SunPower Inc. entered into Note Purchase Agreements valued at $41,000,000 aggregate principal amount (effective 2026-04-21).

On April 21, 2026, SunPower Inc. (the “ Company ”) entered into note purchase agreements (the “ Note Purchase Agreements ”) relating to the private offering (the “ Offering ”) of $41,000,000 aggregate principal amount of the Company’s 10.00% Convertible Senior Secured Notes due 2029

SEC 8-K Item 1.01/1.02 confidence 0.9 SEC evidence

Comparable filings

TBH

Brag House issues $2.5M convertible notes at 25% OID; proceeds for House of Doge merger

Brag House Holdings, Inc. May 8, 2026, 7:59 PM ET debt Items 1.01, 2.03, 3.02, 9.01

same fact type: debt_financing, material_agreement same SEC item: 1.01, 2.03, 3.02, 9.01 same event type: debt similar materiality

This filing

On April 21, 2026, SunPower Inc. (the “ Company ”) entered into note purchase agreements (the “ Note Purchase Agreements ”) relating to the private offering (the “ Offering ”) of $41,000,000 aggregate principal amount of the Company’s 10.00% Convertible Senior Secured Notes due 2029 (the “ Notes ”)

Comparable filing

The issuance of the Notes in the aggregate original principal amount of $2,500,000 constitutes the creation of a direct financial obligation of the Company. The Notes bear interest at 12.0% per annum, mature on February 4, 2027

Filing page SEC filing

KNX

Knight-Swift closes $1.5B convertible note offering at 1.00% due 2031; proceeds used to repay term loans and revolver

Knight-Swift Transportation Holdings Inc. May 8, 2026, 7:59 PM ET debt Items 1.01, 2.03, 3.02, 8.01, 9.01

same fact type: debt_financing, material_agreement same SEC item: 1.01, 2.03, 3.02, 9.01 same event type: debt similar materiality

This filing

On April 21, 2026, SunPower Inc. (the “ Company ”) entered into note purchase agreements (the “ Note Purchase Agreements ”) relating to the private offering (the “ Offering ”) of $41,000,000 aggregate principal amount of the Company’s 10.00% Convertible Senior Secured Notes due 2029 (the “ Notes ”)

Comparable filing

On May 8, 2026, Knight-Swift Transportation Holdings Inc. (the "Company") completed its previously announced private offering (the "Offering") of $1.5 billion aggregate principal amount of 1.00% Convertible Senior Notes due 2031

Filing page SEC filing

PUMP

ProPetro issues $690M zero-coupon convertible notes due 2031, expands credit facility

ProPetro Holding Corp. May 7, 2026, 7:59 PM ET debt Items 1.01, 2.03, 3.02, 8.01, 9.01

same fact type: debt_financing, material_agreement same SEC item: 1.01, 2.03, 3.02, 9.01 same event type: debt similar materiality

This filing

On April 21, 2026, SunPower Inc. (the “ Company ”) entered into note purchase agreements (the “ Note Purchase Agreements ”) relating to the private offering (the “ Offering ”) of $41,000,000 aggregate principal amount of the Company’s 10.00% Convertible Senior Secured Notes due 2029 (the “ Notes ”)

Comparable filing

On May 7, 2026, ProPetro Holding Corp. (the “ Company ”), issued $690 million aggregate principal amount of its 0.00% Convertible Senior Notes due 2031

Filing page SEC filing

OCGN

Ocugen completes $115M convertible note offering at 6.75%, repays Avenue loan

Ocugen, Inc. May 7, 2026, 7:59 PM ET debt Items 1.01, 1.02, 2.02, 2.03, 3.02, 9.01

same fact type: debt_financing, material_agreement same SEC item: 1.01, 2.03, 3.02, 9.01 same event type: debt similar materiality

This filing

On April 21, 2026, SunPower Inc. (the “ Company ”) entered into note purchase agreements (the “ Note Purchase Agreements ”) relating to the private offering (the “ Offering ”) of $41,000,000 aggregate principal amount of the Company’s 10.00% Convertible Senior Secured Notes due 2029 (the “ Notes ”)

Comparable filing

On May 7, 2026, Ocugen, Inc. (the “Company”) completed its previously announced private offering (the “offering”) of $115.0 million aggregate principal amount of 6.75% Convertible Senior Notes due 2034 (the “notes”).

Filing page SEC filing

TSEOF

Trinseo obtains $142.5M new money DIP financing and $150M AR facility in Chapter 11

Trinseo PLC June 1, 2026, 4:23 PM ET debt Items 1.01, 2.03, 9.01

same fact type: material_agreement same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

This filing

$6,000,000 principal amount of Notes issuable to an entity affiliated with Thurman John “T.J.” Rodgers, the Company’s Chief Executive Officer and Chairman pursuant to a Note Purchase Agreement executed between the Company and such affiliated entity (the “ Affiliate Note Purchase Agreement ”)

Comparable filing

On May 28, 2026, the Company, as parent, Trinseo NA Finance LLC, as holdings, Trinseo Luxco Finance SPV S.à r.l. and Trinseo NA Finance SPV LLC (together, the “ SHC Borrowers ”), as borrowers, the guarantors party thereto from time to time, the lenders party thereto from time to time (the “ SHC DIP Lenders ”), and Alter Domus (US) LLC, as administrative agent and collateral agent, entered into a Senior Secured Super-Priority Debtor-In-Possession HoldCo Credit Agreement (the “ Super-Holdco DIP Credit Agreement ”), providing for a senior secured super-priority priming term loan debtor-in-possession credit facility in an aggregate principal amount of $157.5 million (the “ Super-Holdco DIP Facility ”).

Filing page SEC filing

ACH

Accendra Health launches $326.25M 9% first lien notes, $300M revolver, and exchange offers for existing notes

ACCENDRA HEALTH INC/VA/ May 11, 2026, 7:59 PM ET debt Items 1.01, 7.01, 9.01

same fact type: material_agreement same SEC item: 1.01, 7.01, 9.01 same event type: debt similar materiality

This filing

$6,000,000 principal amount of Notes issuable to an entity affiliated with Thurman John “T.J.” Rodgers, the Company’s Chief Executive Officer and Chairman pursuant to a Note Purchase Agreement executed between the Company and such affiliated entity (the “ Affiliate Note Purchase Agreement ”)

Comparable filing

On May 11, 2026, Accendra Health, Inc. (the “ Company ”) entered into a Commitment and Consent Letter (the “ Commitment Letter ”) with certain institutions that are (a)(i) holders of the Company’s 4.500% Senior Notes due 2029 (the “ 2029 Notes ”) and 6.625% Senior Notes due 2030 (the “ 2030 Notes ” and, together with the 2029 Notes, the “ Existing Notes ”), collectively holding approximately all of the outstanding principal amount of the 2029 Notes and approximately 83% of the outstanding principal amount of the 2030 Notes as of May 11, 2026 and (ii) lenders under the Company’s existing Term Loan Credit Agreement (as defined below) (collectively, the “ Commitment and Consenting Parties ” and each, a “ Commitment and Consenting Party ”), (b) certain lenders under the Company’s existing Term Loan Credit Agreement consenting solely with respect to the Term B-1 Term Loan Consent (as defined below) (the “ Term B-1 Term Loan Consenting Parties ”) and (c) all lenders under the Company’s Exist

Filing page SEC filing

ACURA PHARMACEUTICALS, INC

Acura's debt to related party grows to $10.3M; warns of possible shutdown without new financing by May-end

ACURA PHARMACEUTICALS, INC May 7, 2026, 7:59 PM ET debt Items 1.01, 2.01, 2.03, 9.01

same fact type: debt_financing same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

This filing

On April 21, 2026, SunPower Inc. (the “ Company ”) entered into note purchase agreements (the “ Note Purchase Agreements ”) relating to the private offering (the “ Offering ”) of $41,000,000 aggregate principal amount of the Company’s 10.00% Convertible Senior Secured Notes due 2029 (the “ Notes ”)

Comparable filing

On each of March 30, 2026, April 3, 2026, April 20, 2026 and May 5, 2026, we received loans of $100,000 from Abuse Deterrent Pharma, LLC (“AD Pharma”).

Filing page SEC filing

EMAT

EMAT secures $100M convertible debenture facility from Yorkville; first $20M tranche issued

Evolution Metals & Technologies Corp. May 11, 2026, 7:59 PM ET debt Items 1.01, 2.03, 3.02, 7.01, 9.01

same fact type: debt_financing, material_agreement same SEC item: 1.01, 2.03, 3.02, 7.01, 9.01 same event type: debt

This filing

On April 21, 2026, SunPower Inc. (the “ Company ”) entered into note purchase agreements (the “ Note Purchase Agreements ”) relating to the private offering (the “ Offering ”) of $41,000,000 aggregate principal amount of the Company’s 10.00% Convertible Senior Secured Notes due 2029 (the “ Notes ”)

Comparable filing

The first Convertible Debenture (the “First Debenture”) in the principal amount of $20,000,000 was issued on May 7, 2026.

Filing page SEC filing

Source: SEC EDGAR

accession 0001213900-26-046407

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