---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-049337"
form_type: "8-K"
ticker: "SPWR"
cik: "0001838987"
company_name: "SunPower Inc."
filed_at: "2026-04-29T23:59:59+00:00"
generated_at: "2026-05-15T02:23:46.454397+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SunPower closes $41M private offering of 10% convertible senior secured notes due 2029

## Summary
- $41M in 10.00% Convertible Senior Secured Notes due 2029 issued; $24M to QIBs, $6M to CEO-affiliated entities, $10M exchanged for Sunder acquisition note.
- Company repurchased $21.25M of its 7.0% convertible notes via exchange for 18.8M shares of common stock and ~$456k accrued interest.
- Notes secured by first-priority security interest in substantially all assets; Indenture and Security Agreements executed with U.S. Bank Trust as trustee and collateral agent.
- CEO T.J. Rodgers' affiliates received $6M notes for previously funded SAFEs; Chicken Parm Pizza LLC received $4M cash and amended seller note.
- Up to 36.3M shares issuable upon conversion at initial rate of 884.96 shares per $1,000 principal, subject to anti-dilution adjustments.

## SEC filing metadata
- accession: 0001213900-26-049337
- form_type: 8-K
- ticker: SPWR
- cik: 0001838987
- company_name: SunPower Inc.
- filed_at: 2026-04-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838987/000121390026049337/0001213900-26-049337-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838987/000121390026049337/ea0288077-8k_sunpower.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-049337
- JSON: https://secwatch.observer/filing/0001213900-26-049337.json
- Plain text: https://secwatch.observer/filing/0001213900-26-049337.txt

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