SunPower issues additional $5M of 10% convertible senior secured notes due 2029

SunPower Inc.

Issued additional Notes on May 20, 2026 with principal amount of $5 million (inferred from max shares).
Notes mature May 1, 2029, pay 10% interest quarterly, and are convertible at holder's option.
Initial conversion price approximately $1.64 per share; maximum conversion price $1.13 per share.
Notes are senior secured, guaranteed by Complete Solar, Inc. and secured by substantially all assets.
Shares issuable upon conversion are unregistered and subject to a 9.99% beneficial ownership cap.

item 1.01 item 3.02

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001213900-26-060318
form_type: 8-K
ticker: SPWR
cik: 0001838987
company_name: SunPower Inc.
filed_at: 2026-05-22T12:30:16+00:00
discovered_at: 2026-05-22T12:35:00.510133+00:00
generated_at: 2026-05-22T12:40:35.887147+00:00
sec_items: ["1.01", "3.02"]
event_type: debt
sentiment: negative
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0001213900-26-060318
json_url: https://secwatch.observer/filing/0001213900-26-060318.json
markdown_url: https://secwatch.observer/filing/0001213900-26-060318.md
text_url: https://secwatch.observer/filing/0001213900-26-060318.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/1838987/000121390026060318/0001213900-26-060318-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1838987/000121390026060318/ea0291938-8k_sunpower.htm
generated_by_model: deepseek-v4-flash:cloud@v2
review_status: machine_generated
human_reviewed: false
corrected: false
correction_note: null
correction_timestamp: null
superseded_by: null

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Source: SEC EDGAR

accession 0001213900-26-060318

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