secwatch / observer

SunPower Inc. — fact timeline

Source-grounded facts extracted from SunPower Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

SPWR SunPower Inc. JSON
Material Agreements

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

“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.”
Earnings Releases

SunPower Inc. reported Q1 2026 results: revenue 72,793.

“from our recent 10K audit. SunPower Q1’26 Revenue & Operating Income Statement 1 GAAP 2 NON-GAAP 3 ($1000s, except gross margin) Q1 2026 Q4 2025 4 Q1 2026 Q4 2025 4 Revenue 72,793 90,985 72,793 90,985 Gross Profit 45,162 45,996 46,883 55,195 Gross Margin 62 % 51 % 64 % 61 % Operating Expense (Opex) 64,357 58,684 59,748 52,011 Opex (less commission) 35,793”

Bernard Gutmann was appointed as Director at SunPower Inc..

“the Board of Directors (the (“ Board ”) of the Company appointed Bernard Gutmann to serve as a director of the Company and as a member of the Audit Committee, effective immediately.”

Thurman J. Rodgers was appointed as Principal Financial Officer at SunPower Inc..

“Thurman J. Rodgers (the Company’s Chief Executive Officer) was appointed as the Company’s Principal Financial Officer, pending the Company’s appointment of a replacement Chief Financial Officer.”

Wendell Laidley resigned as Chief Financial Officer at SunPower Inc..

“On May 7, 2026, Wendell Laidley resigned from his position as Chief Financial Officer of the Company.”
Equity Issuances

SunPower Inc. issued $10,000,000 aggregate principal amount of Notes of convertible note to Chicken Parm Pizza LLC for exchange of the promissory note originally issued by the Company to Chicken Parm Pizza LLC.

“$10,000,000 aggregate principal amount of Notes issuable in connection with the exchange of the promissory note originally issued by the Company to Chicken Parm Pizza LLC”
Equity Issuances

SunPower Inc. issued $6,000,000 principal amount of Notes of convertible note to entity affiliated with Thurman John “T.J.” Rodgers for $6,000,000 previously funded to the Company pursuant to simple agreements for future equity.

“$6,000,000 principal amount of Notes issuable to an entity affiliated with Thurman John “T.J.” Rodgers”
Equity Issuances

SunPower Inc. issued $25,000,000 aggregate principal amount of Notes of convertible note to qualified institutional buyers for $25,000,000 aggregate principal amount.

“private offering (the “ Offering ”) of $41,000,000 aggregate principal amount of the Company’s 10.00% Convertible Senior Secured Notes due 2029 (the “ Notes ”), including: (i) $25,000,000 aggregate principal amount of Notes issuable to qualified institutional buyers; (ii) $6,000,000 principal amount of Notes issuable to an entity affiliated with Thurman John “T.J.””
Material Agreements

SunPower Inc. entered into CPP Note Purchase Agreement with Chicken Parm Pizza LLC (“ CPP ”) valued at $10,000,000 aggregate principal amount of Notes (effective 2026-04-21).

“Also on April 21, 2026, the Company entered into a Note Purchase Agreement with CPP (the “ CPP Note Purchase Agreement ”)”
Material Agreements

SunPower Inc. entered into Affiliate Note Purchase Agreement with an entity affiliated with Thurman John “T.J.” Rodgers, the Company’s Chief Executive Officer and Chairman valued at $6,000,000 principal amount of Notes (effective 2026-04-21).

“$6,000,000 principal amount of Notes issuable to an entity affiliated with Thurman John “T.J.” Rodgers, the Company’s Chief Executive Officer and Chairman pursuant to a Note Purchase Agreement executed between the Company and such affiliated entity (the “ Affiliate Note Purchase Agreement ”)”
Material Agreements

SunPower Inc. entered into Note Purchase Agreements valued at $41,000,000 aggregate principal amount (effective 2026-04-21).

“On April 21, 2026, SunPower Inc. (the “ Company ”) entered into note purchase agreements (the “ Note Purchase Agreements ”) relating to the private offering (the “ Offering ”) of $41,000,000 aggregate principal amount of the Company’s 10.00% Convertible Senior Secured Notes due 2029”
Debt Financings

SunPower Inc. incurred convertible notes of $41,000,000 aggregate principal amount with Qualified institutional buyers, an entity affiliated with T.J. Rodgers, and Chicken Parm Pizza LLC at 10.00% per year maturing May 1, 2029.

“On April 21, 2026, SunPower Inc. (the “ Company ”) entered into note purchase agreements (the “ Note Purchase Agreements ”) relating to the private offering (the “ Offering ”) of $41,000,000 aggregate principal amount of the Company’s 10.00% Convertible Senior Secured Notes due 2029 (the “ Notes ”)”
Earnings Releases

SunPower Inc. reported fiscal 2025 results: revenue 300,000.

“SunPower 2025 Annual Income Statement From Audited 10K From Q1’25-Q4’25 Reports GAAP 1 non-GAAP 3 GAAP 2 non-GAAP 3 ($1000s, except gross margin) Revenue 300,000 300,000 4 308,757 308,757 4 Gross Profit 129,212 145,564 149,790 145,767 Gross Margin 43 % 49 % 49 % 47 % Operating Expense (Opex) 156,143 138,237 156,025 134,843 Opex (less”
Material Agreements

SunPower Inc. entered into simple agreement for future equity with Rodgers Massey Revocable Living Trust valued at $5,000,000 (effective 2026-04-08).

“On April 8, 2026, SunPower Inc. (the “ Company ”) entered into a simple agreement for future equity (the “ SAFE ”) with the Rodgers Massey Revocable Living Trust (the “ Purchaser ”) in connection with the Purchaser’s investment of $5,000,000 (the “ Purchase Amount ”) in the Company.”
Auditor Changes

SunPower Inc. reported that prior financial statements should not be relied upon.

“aterial errors and should no longer be relied upon and should be restated. These material errors related to the recognition of revenue”
Equity Issuances

SunPower Inc. issued convertible note to YA II PN, LTD. for principal amount of $10,000,000 for a purchase price of $9,000,000.

“of which is filed herewith as Exhibit 10.1. Pursuant to the Purchase Agreement, the Investor purchased and the Company issued a convertible debenture in the principal amount of $10,000,000 (the “ Debenture ”). At the closing under the Purchase Agreement, the Company issued the Debenture to the Investor in the original principal amount of $10,000,000 for a purchase”
Material Agreements

SunPower Inc. amended Amendment and Agreement (the "Sunder Amendment") with Chicken Parm Pizza LLC (effective 2026-03-05).

“On March 5, 2026, in connection with the transactions under the Purchase Agreement and the Debenture, the Company and Chicken Parm Pizza LLC (the “ Sunder Member ”) entered into an Amendment and Agreement (the “ Sunder Amendment ”) relating to (i) the Membership Interest Purchase Agreement,”
Material Agreements

SunPower Inc. entered into Registration Rights Agreement with YA II PN, LTD. (effective 2026-03-06).

“In connection with the Purchase Agreement and the Debenture, the Company entered into a registration rights agreement (the “ Registration Rights Agreement ”) with the Investor, pursuant to which the Company agreed to file a registration statement registering the resale of the Common Stock underlying the Debenture and the Common Stock subject to advances pursuant to the SEPA.”
Material Agreements

SunPower Inc. entered into Debenture with YA II PN, LTD. valued at $10,000,000 (effective 2026-03-06).

“Pursuant to the Purchase Agreement, the Investor purchased and the Company issued a convertible debenture in the principal amount of $10,000,000 (the “ Debenture ”).”
Material Agreements

SunPower Inc. entered into Purchase Agreement with YA II PN, LTD. valued at $10,000,000 (effective 2026-03-06).

“On March 6, 2026 (the “ Effective Date ”), SunPower Inc. (the “ Company ”) entered into a Purchase Agreement (the “ Purchase Agreement ”) with YA II PN, LTD., a Cayman Islands exempt limited company (the “ Investor ”).”
Material Agreements

SunPower Inc. entered into Share Purchase Agreement with Cobalt Power Systems, Inc. valued at 1.8 million shares of common stock issued at closing; up to additional $6.66 million of shares of co (effective 2026-01-30).

“On January 30, 2026, SunPower Inc., a Delaware corporation (the “ Company ”), entered into a Share Purchase Agreement (the “ Share Purchase Agreement ”) with Cobalt Power Systems, Inc., a California corporation (“ Cobalt ”), and Cobalt’s stockholders (the “ Stockholders ”).”
M&A Transactions

SunPower Inc. completed an acquisition involving Cobalt Power Systems, Inc. and its stockholders for 1.8 million shares of common stock at closing, plus agreement to issue additional $3.33 million of shares on 12-month anniversary and $3.33 million on 18-month (closed 2026-02-02).

“On January 30, 2026, SunPower Inc., a Delaware corporation (the “ Company ”), entered into a Share Purchase Agreement (the “ Share Purchase Agreement ”) with Cobalt Power Systems, Inc., a California corporation (“ Cobalt ”), and Cobalt’s stockholders (the “ Stockholders ”). The Company, Cobalt and the Stockholders completed the closing under the Share Purchase Agreement (the “ Closing ”) on February 2, 2026. At the Closing, the Company acquired all of the outstanding stock of Cobalt from the Stockholders for: (a) 1.8 million shares (the “ Closing Consideration Shares ”) of common stock of the Company, $0.0001 par value per share (the “ Common Stock ”), issued at the Closing to the Stockholders; and (b) the agreement to issue an additional $3.33 million of shares of Common Stock on the 12-month anniversary of the Closing and an additional $3.33 million of shares of Common Stock on the 18-month anniversary of the Closing (such additional shares of Common Stock, the “ Post-Closing Conside”
Equity Issuances

SunPower Inc. issued convertible note for $3,300,000 principal amount.

“conversion of the January 2026 12% Note and any resulting issuance of shares of Common Stock. A maximum of 1,783,783 shares of Common Stock may be issued upon conversion of the $3,300,000 principal amount of the January 2026 12% Note based on the conversion rate of 540.5405 shares of Common Stock per $1,000 principal amount of the January 2026 12% Note, which”
Equity Issuances

SunPower Inc. issued 175,000 shares of Common Stock of common stock to YA II PN, LTD..

“agreed to issued to the investor 175,000 shares of Common Stock within three days of the Effective Date, as a commitment fee”
Equity Issuances

SunPower Inc. issued convertible note to YA II PN, LTD. for principal amount of $1.9 million.

“The first tranche of the Pre-Paid Advance was disbursed on January 27, 2026 in the principal amount of $1.9 million.”
Material Agreements

SunPower Inc. entered into Standby Equity Purchase Agreement with YA II PN, LTD. valued at up to $20 million (effective 2026-01-27).

“SunPower Inc. (the “ Company ”) entered into a Standby Equity Purchase Agreement (the “ SEPA ”) with YA II PN, LTD., a Cayman Islands exempt limited company (the “ Investor ”).”
Material Agreements

SunPower Inc. amended Common Stock Purchase Agreement with White Lion Capital, LLC valued at Commitment amount increased to $55,000,000 (effective 2026-01-11).

“On January 11, 2026, SunPower Inc. (the “ Company ”) and White Lion Capital, LLC (“ White Lion ”) entered into Amendment No. 3 (the “ Amendment No. 3 ”) to the Common Stock Purchase Agreement, dated July 16, 2024, between the Company and White Lion, as previously amended by Amendment No. 1, effective July 24, 2024, and Amendment No. 2, effective August 14, 2024 (as amended, the “ Purchase Agreement ”).”
Material Agreements

SunPower Inc. entered into Membership Interest Purchase Agreement with Ambia Energy, LLC and Ambia Holdings, Inc. valued at 10,243,924 shares of common stock at closing and up to $18.75 million of additional shares of common (effective 2025-11-21).

“On November 21, 2025, SunPower Inc., a Delaware corporation (the “ Company ”), entered into a Membership Interest Purchase Agreement (the “ Membership Interest Purchase Agreement ”) with Ambia Energy, LLC, a Utah limited liability company (“ Ambia ”), and Ambia Holdings, Inc., a Delaware corporation and the sole member of Ambia (the “ Member ”).”
Equity Issuances

SunPower Inc. issued convertible note to a trust controlled by Thurman J. Rodgers for $2,000,000.

“1.01 Entry Into a Material Definitive Agreement. On November 20, 2025, SunPower Inc. (the “Company”) issued a convertible promissory note in the original principal amount of $2,000,000 (the “Note”) to a trust controlled by Thurman J. Rodgers, the Company’s Chief Executive Officer and Executive Chairman. The Note bears a 12% interest rate. The Note is a general”
Debt Financings

SunPower Inc. incurred convertible notes of $2,000,000 with a trust controlled by Thurman J. Rodgers at 12% interest rate maturing July 1, 2029.

“On November 20, 2025, SunPower Inc. (the "Company") issued a convertible promissory note in the original principal amount of $2,000,000 (the "Note") to a trust controlled by Thurman J. Rodgers, the Company’s Chief Executive Officer and Executive Chairman.”
M&A Transactions

SunPower Inc. completed an acquisition involving Ambia Energy, LLC, Ambia Holdings, Inc. for 10,243,924 shares of common stock at closing and up to $18.75 million of additional shares of common stock issuable on the six-month and 12-month anniversaries (closed 2025-11-21).

“On November 21, 2025, SunPower Inc., a Delaware corporation (the " Company "), entered into a Membership Interest Purchase Agreement (the " Membership Interest Purchase Agreement ") with Ambia Energy, LLC, a Utah limited liability company (" Ambia "), and Ambia Holdings, Inc., a Delaware corporation and the sole member of Ambia (the " Member "). The Company, Ambia and the Member completed the closing under the Membership Interest Purchase Agreement (the " Closing ") on November 21, 2025. At the Closing, the Company acquired all of the outstanding membership interests of Ambia from the Member for: (a) 10,243,924 shares (the " Closing Consideration Shares ") of common stock of the Company, $0.0001 par value per share (the " Common Stock "), issued at the Closing to the Member; and (b) the agreement to issue an additional $9.375 million of shares of Common Stock on the six-month anniversary of the Closing and an additional $9.375 million of shares of Common Stock on the 12-month anniversa”
Listing & Compliance Notices

SunPower Inc. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).

“November 19, 2025, the Company received an expected letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, as a result of the Company’s delay in filing its Quarterly Report on Form 10-Q for the quarter ended September 28, 2025 (the “Q3 Form 10-Q”), the Company was not in compliance with the timely filing requirements for continued listing under Nasdaq Listing Rule 5250(c)(1). The Nasdaq letter has no immediate effect on the listing or trading of the Company’s common stock or warrants. The Company’s Form 12b-25 notice (the “Form 12b-25”) filed wi”
Governance Changes

SunPower Inc.: Amended and restated bylaws to reflect corporate name change from Complete Solaria, Inc. to SunPower Inc.

“the Company’s board of directors also amended and restated the Company’s Amended and Restated Bylaws to reflect the Name Change (as amended and restated, the “ Second Amended and Restated Bylaws ”). No other changes were made to the bylaws.”
Governance Changes

SunPower Inc.: Certificate of Amendment to change corporate name from Complete Solaria, Inc. to SunPower Inc (effective 2025-10-17).

“On October 16, 2025, SunPower Inc. (the “ Company ”) filed with the Secretary of State of Delaware a Certificate of Amendment to its Certificate of Incorporation (the “ Certificate of Amendment ”) to change its corporate name from Complete Solaria, Inc. to SunPower Inc. (the “ Name Change ”). The Name Change was effective as of 4:30 PM Eastern Time on October 17, 2025.”
Debt Financings

SunPower Inc. incurred debt of $20,000,000 with the Member at 7.0% per annum, compounded quarterly maturing the earlier of (i) May 15, 2026 and (ii) the date on which all amounts under the Seller Note otherwise become due and payable following an event of default.

“the Company issued the Seller Note to the Member in connection with the Closing of the transactions under the Membership Interest Purchase Agreement. The Seller Note has an original principal amount of $20,000,000. The Seller Note bears interest at 7.0% per annum, compounded quarterly, and the maturity date under the Seller Note is the earlier of (i) May 15, 2026 and (ii) the date on which all amounts under the Seller Note otherwise become due and payable following an event of default.”
Debt Financings

SunPower Inc. incurred convertible notes of $22,000,000 with note purchasers under September 2025 Note Purchase Agreements at 7.00% per year maturing July 1, 2029.

“the Company closed the transactions under the September 2025 Note Purchase Agreements, and the Company issued $22,000,000 aggregate principal amount of the 7.00% Notes on September 23, 2025.”
M&A Transactions

SunPower Inc. completed an acquisition involving Chicken Parm Pizza LLC for $20,000,000 cash, $20,000,000 seller note, and 3,333,334 shares of common stock initially plus up to 6,666,666 additional shares subject to stockholder approval (closed 2025-09-24).

“On September 24, 2025, the Company, Buyer, Sunder and the Member completed the closing under the Membership Interest Purchase Agreement (the “ Closing ”). Upon the Closing, the Buyer acquired all of the equity interests of Sunder from the Member in consideration for: (i) $20,000,000 in cash paid at the Closing, subject to customary balance sheet and working capital adjustments (the “ Closing Cash Consideration ”); (ii) a promissory note issued at the Closing by the Company to the Member in the principal amount of $20,000,000 (the “ Seller Note ”); (iii) 3,333,334 shares of common stock of the Company, $0.0001 par value per share (the “ Common Stock ”), issued at the Closing by the Company to the Member (the “ Initial Consideration Shares ”); and (iv) subject to approval of such issuances by the Company’s stockholders following the Closing in accordance with the rules and regulations of the Nasdaq Stock Market (including Nasdaq Listing Rule 5635(a)), (x) an additional 3,333,333 shares o”
Equity Issuances

SunPower Inc. issued aggregate principal amount of $22,000,000 of convertible note to multiple purchasers for $22,000,000 aggregate principal.

“Purchase Agreements ”) with multiple purchasers relating to the private offering of the Company’s 7.00% Convertible Senior Notes due 2029 in the aggregate principal amount of $22,000,000 (the “ 7.00% Notes ”), and the Company has commitments to purchase an additional $225,000 principal amount of the 7.00% Notes. The 7.00% Notes are expected to be issued on or”
Equity Issuances

SunPower Inc. issued 6,666,666 shares of Common Stock (Deferred Consideration Shares) of common stock to Member (Chicken Parm Pizza LLC) for deferred stock issuable on anniversaries of Closing.

“When issued pursuant to the Membership Interest Purchase Agreement, the Initial Consideration Shares, the Deferred Consideration Shares and the Seller Note will not be registered under the Securities Act or any state securities laws, and such securities will be issued to the Member in a transaction exempt from registration under the Securities Act in reliance upon the exemption from registration provided by Section 4(a)(2) under the Securities Act.”
Equity Issuances

SunPower Inc. issued 3,333,334 shares of common stock of common stock to Member (Chicken Parm Pizza LLC) for $20,000,000 in cash, a $20,000,000 promissory note, and deferred stock.

“the Membership Interest Purchase Agreement (the “ Closing ”), Buyer will acquire all of the outstanding membership interests of Sunder from the Member for: (i) $20,000,000 in cash paid at Closing, subject to certain working capital and other adjustments; (ii) a promissory note issued at the Closing by the Company to the Member in the principal”
Debt Financings

SunPower Inc. incurred loan of $20,000,000 with Chicken Parm Pizza LLC at 7.0% per annum, compounded quarterly maturing earlier of May 15, 2026 and the date on which all amounts become due and payable following an event of default.

“The Company will execute and issue the Seller Note to the Member at the Closing. The Seller Note will have an original principal amount of $20,000,000. The Seller Note will bear interest at 7.0% per annum, compounded quarterly, and the maturity date under the Seller Note is the earlier of (i) May 15, 2026 and (ii) the date on which all amounts under the Seller Note otherwise become due and payable following an event of default.”
Listing & Compliance Notices

SunPower Inc. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).

“April 28, 2025, Complete Solaria, Inc. (the “Company”) received an expected letter from the Listing Qualifications staff of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, as a result of the Company’s delay in filing its Annual Report on Form 10-K for the year ended December 31, 2024 (the “2024 Form 10-K”), the Company was not in compliance with the timely filing requirements for continued listing under Nasdaq Listing Rule 5250(c)(1). The Nasdaq letter has no immediate effect on the listing or trading of the Company’s common stock or warrants. The Company’s Form 12b-25 Notification of”
Governance Changes

SunPower Inc.: Changed fiscal year end from December 31 to a 52-to-53-week fiscal year ending on the Sunday closest to December 31, effective for fiscal year ended December 29, 2024 (effective 2024-12-29).

“On March 10, 2025, the Company’s Board of Directors approved a change in the Company’s fiscal year end from December 31 to a 52-to-53-week fiscal year that ends on the Sunday closest to December 31. This change is effective for the fiscal year ended December 29, 2024.”

J. Daniel McCranie was appointed as Director at SunPower Inc..

“appointed J. Daniel McCranie to serve as a director of the Company, effective immediately.”

Lothar Maier was appointed as Director at SunPower Inc..

“appointed Lothar Maier to serve as a director of the Company, effective immediately.”
M&A Transactions

SunPower Inc. completed an acquisition involving SunPower Corporation for $45,000,000 in cash (closed 2024-09-30).

“agreed, subject to the terms and conditions of the APA, to acquire the Acquired Assets and assume the Assumed Liabilities (each as defined in the APA) from the Debtors for $45,000,000 in cash at the closing of the transaction, including a deposit of $4,500,000 that was previously paid into an escrow account by the Company. At a hearing held on September 23,”

Brian Wuebbels resigned as Chief Operating Officer at SunPower Inc..

“Effective August 16, 2024, Chief Operating Officer Brian Wuebbels has resigned from Complete Solaria, Inc. (the “Company”).”

Daniel Foley was appointed as Chief Financial Officer at SunPower Inc..

“On June 7, 2024, Complete Solaria, Inc. (the “Company”) entered into an executive employment agreement (the “Foley Agreement”) with Daniel Foley to serve as Chief Financial Officer, effective July 1, 2024.”

Chris Lundell departed as Chief Executive Officer at SunPower Inc..

“Chris Lundell had stepped down as the Company’s Chief Executive Officer.”
Material Agreements

SunPower Inc. amended Forward Purchase Agreement Second Amendment with Polar Multi-Strategy Master Fund valued at Reset price lowered to $1.00 per share; VWAP Trigger Event amended (effective 2024-05-08).

“On May 7 and 8, 2024, respectively, the Company entered into separate amendments to the Forward Purchase Agreements (the collectively the “Second Amendments”) with Sandia (the “Sandia Second Amendment”) and Polar (the “Polar Second Amendment”).”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.