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SunPower Inc. entered into a Purchase Agreement with YA II PN, LTD. on March 6, 2026, issuing a $10 million principal convertible debenture for $9 million net proceeds. The debenture features 0% interest (18% upon default), matures March 6, 2027, requires $2.06 million monthly installments starting May 6, 2026, and is convertible into common stock at $2.50 per share or 95% VWAP with a $0.2580 floor.
Event Type
Disclosure
Mandatory
Variant
8-K
. Entry into a Material Definitive Agreement. Purchase Agreement and Convertible Debenture On March 6, 2026 (the “ Effective Date ”), SunPower Inc. (the “ Compa
. Unregistered Sales of Equity Securities. The disclosure set forth above in Item 1.01 of this Current Report on Form 8-K relating to the issuance of the Debent
. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 Purchase Agreement, dated March 6, 2026, between SunPower Inc. and YA II PN,
Material Agreement
Debt / Financing