8-K - SunPower Inc. | StockGist

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SunPower Inc. stockholders approved six proposals at a Special Meeting on March 25, 2026, including equity plan amendments increasing authorized shares to 44.6 million and issuances related to acquisitions and financing arrangements.

Key Takeaways

1Stockholders approved the Second Amendment to the 2023 Equity Incentive Plan, increasing the share reserve to 44,573,109 shares.

2Proposal 1 approved the issuance of shares as additional consideration for the Complete Solar and Sunder Energy acquisition.

3Proposal 2 authorized the issuance of shares upon conversion of an additional $22.225 million of 7.00% Convertible Senior Notes due 2029.

4Proposal 3 approved the issuance of shares as post-closing consideration for the Ambia Holdings acquisition.

5Proposal 4 approved increasing the aggregate commitment under the Amended White Lion Purchase Agreement from $30.0 million to $55.0 million.

6Proposal 5 authorized share issuance under a Standby Equity Purchase Agreement with YA II PN, Ltd. potentially exceeding 20% of outstanding stock.

Current Report Details

Event Type

Management Change

Shareholder Vote

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

5.02

** **Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.** Approv

Management Change

5.07

Submission of Matters to a Vote of Security Holders.** The Company held the Special Meeting on March 25, 2026. Set forth below are the final results of the voti

Shareholder Vote

$22.2M$22.2M$30.0M$55.0M

9.01

Financial Statements and Exhibits.** ** ** **(d) Exhibits.** ** ** | Exhibit Number | | Description | |---|---|---| | 10.1 | | Second Amendment to 2023 Equity I

Exhibits Only

Transaction Details

Material Agreement

Exhibits (2)

10.1

SECOND AMENDMENT TO 2023 EQUITY INCENTIVE PLAN, AS AMENDED

8-K

CURRENT REPORT