secwatch.observer — SEC 8-K summary
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Issuer:     SunPower Inc. (SPWR)
CIK:        0001838987
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001213900-26-049337
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838987/000121390026049337/0001213900-26-049337-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838987/000121390026049337/ea0288077-8k_sunpower.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-049337

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