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

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

SunPower Inc. entered into Indenture with U.S. Bank Trust Company, National Association (effective 2026-04-23).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Effective: 2026-04-23

Exact text from the filing

On May 19, 2026, the Company entered into a note purchase agreement for the issuance of additional Notes, which were issued on May 20, 2026 pursuant to the Indenture.

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23 material agreements filed in the last 30 days. Browse all material agreements →

SunPower Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-060318

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