SunPower secures $2M SAFE from CEO-affiliated trust for future equity conversion

SunPower Inc.

SunPower entered SAFE with Rodgers Massey Revocable Living Trust (CEO Thurman J. Rodgers affiliate) for $2,000,000 on Aug 24, 2026.
SAFE converts automatically into equity at next equity financing at no discount, subject to Nasdaq Listing Rule 5635 shareholder approval limits.
Offering exempt under Section 4(a)(2) of Securities Act; CEO Thurman J. Rodgers and CFO Tom Kowalczuk signed agreement.
Trust is accredited investor; SAFE is non-transferable except to estate or affiliates of the investor.

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