SunPower Inc. (SPWR) Form 8-K — May 22, 2026
SunPower Inc. entered into a note purchase agreement on May 19, 2026, for the issuance of additional 10.00% Convertible Senior Secured Notes due 2029, which were issued on May 20, 2026. These notes are senior, secured obligations guaranteed by subsidiary Complete Solar, Inc., and secured by first-priority liens on substantially all assets of the Company and Guarantor. The notes carry a 10% annual interest rate and an initial conversion price of approximately $1.64 per share, implying significant potential dilution with up to 4.4 million shares issuable upon conversion.
Key figures
- Interest Rate
- 10
- Maturity Date
- May 1, 2029
- Offering Price
- 1.64
- Shares Offered
- 4424779
- Note Type
- 10.00% Convertible Senior Secured Notes due 2029
- Conversion Rate
- 610.3143
- Max Conversion Rate
- 884.9557
- Initial Conversion Price
- 1.64
Price after filing
Close on the filing date to close N calendar days later (from $1.12). Historical, not a forecast.
AI analysis
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