SunPower raises $26.2M in private placement; issues 103.1M shares at $0.2541

SunPower Inc.

Raised $26.2M gross from private placement of 103,109,005 shares at $0.2541/share (Nasdaq close Sept 2, 2026).
Anchor investor Foris Ventures (John Doerr's family office); also affiliates of CEO T.J. Rodgers, William Anderson, J. Daniel McCranie, Devin Whatley.
Proceeds for working capital and general corporate purposes; expected close Sept 4, 2026; resale registration statement due by Oct 2, 2026.
CEO cites solar market reset from ITC loss and Q2'26 misexecution in SunPower Direct; plans return to profitability and $500M revenue next year.
Company valued at ~$60M (0.20x sales) on $300M revenue; CEO projects 4x-11x ROI potential.

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