SunPower Inc. (SPWR) SEC Filings

SunPower Inc. (SPWR) is updating its S-1 prospectus to add its latest Quarterly Report and to maintain a resale registration for up to 39,534,884 shares of common stock held by YA II PN, LTD (Yorkville). These shares include up to 25,000,000 SEPA Shares issuable under a standby equity purchase agreement and up to 14,534,884 Debenture Shares issuable upon conversion of a Yorkville convertible debenture. SunPower is not selling shares in this registration and will not receive proceeds from Yorkville’s resales.

For the twenty‑six weeks ended June 28, 2026, SunPower recorded a net income of $12.1 million but an operating loss of $42.7 million and used $52.2 million in operating cash. Cash and cash equivalents were $4.1 million against $17.5 million of current debt and an accumulated deficit of $444.6 million, resulting in a stockholders’ deficit of $26.3 million. Management discloses that there is substantial doubt about the ability to continue as a going concern within one year without additional funding. SunPower has also received a Nasdaq notice for not meeting the minimum bid price requirement; the August 21, 2026 closing share price was $0.2999.

SunPower Inc. (SPWR) is updating its resale registration covering up to 22,381,878 shares of common stock that may be sold by YA II PN, LTD (Yorkville) under a standby equity purchase agreement (SEPA). The registered shares comprise 22,206,878 Conversion Shares issuable on a convertible promissory note and 175,000 Commitment Shares already issued as SEPA commitment consideration. SunPower is not selling shares itself in this registration and will not receive proceeds from Yorkville’s resales. Yorkville is treated as an underwriter only for shares acquired via SEPA Advances. Northland Capital Markets acts as placement agent and will receive a 5.0% cash fee on gross proceeds from SunPower’s sales of notes and stock to Yorkville under the SEPA.

Attached Q2 2026 financials show revenue of $54.9 million versus $66.1 million a year earlier and a net income of $6.9 million versus a $27.3 million loss, driven largely by non‑operating gains. Operating cash flow for the first half of 2026 was a use of $52.2 million, with cash and cash equivalents of $4.1 million and current debt of $17.5 million at June 28, 2026. Total liabilities were $276.5 million against a stockholders’ deficit of $26.3 million, though the deficit improved from $90.1 million at year‑end 2025. Management discloses that recurring operating losses, limited liquidity, and significant debt create substantial doubt about the company’s ability to continue as a going concern. SunPower also reports receipt of a Nasdaq minimum bid‑price deficiency notice and notes that late SEC filings have made it ineligible for Form S‑3 shelf registration and at‑the‑market offerings for about a year after it becomes current.

SunPower Inc. (SPWR) filed a prospectus supplement registering the resale of up to 48,521,163 shares of common stock by White Lion Capital, LLC under an equity line of credit. SunPower is not selling shares in this resale but may raise up to $48.5 million by issuing these shares to White Lion pursuant to a Common Stock Purchase Agreement.

For the twenty‑six weeks ended June 28, 2026, SunPower generated $127.7 million in revenue and reported net income of $12.1 million, largely driven by gains on derivative and financing-related liabilities, while incurring an operating loss of $42.7 million and negative operating cash flow of $52.2 million. Total assets were $250.2 million and stockholders’ deficit improved to $(26.3) million.

The company disclosed substantial doubt about its ability to continue as a going concern within one year and highlighted dependence on additional equity or debt financing. SunPower also received a Nasdaq notice for not meeting the minimum bid price requirement and is currently ineligible to use Form S‑3 shelf registrations, relying instead on Form S‑1 and private placements for capital raising.

SunPower Inc. (SPWR) filed a prospectus supplement covering the resale by selling securityholders of up to 13,277,150 shares of common stock, including shares already issued for the Sunder and Cobalt acquisitions, up to 380,000 shares issuable upon exercise of a warrant, and up to 4,424,779 shares issuable upon conversion of a $5.0 million 10% convertible senior secured note due 2029. SunPower is not selling any securities in this offering and will not receive proceeds from these resales.

Attached Q2 2026 financials show revenue of $54.9 million for the quarter and $127.7 million year‑to‑date, with a year‑to‑date operating loss of $42.7 million. Net income of $12.1 million year‑to‑date was driven largely by non‑operating gains, including remeasurement of derivative liabilities. As of June 28, 2026, cash and cash equivalents were $4.1 million, current debt was $17.5 million, total liabilities were $276.5 million, and stockholders’ deficit was $26.3 million.

Management states there is substantial doubt about SunPower’s ability to continue as a going concern within one year due to continued operating losses, negative operating cash flows of $52.2 million in the first half of 2026, and limited liquidity. SunPower also discloses receipt of a Nasdaq notice for not meeting the minimum bid price requirement and notes it is currently ineligible to use Form S‑3 or shelf registration, relying instead on Form S‑1 and private placements for potential capital raising. Shares closed at $0.2999 on August 21, 2026, and 208,796,937 shares were outstanding as of that date.

SunPower Inc. (SPWR) has filed a prospectus supplement registering for resale by existing investors up to 65,385,828 shares of common stock, including 10,243,924 Ambia Acquisition Shares, 3,333,334 Sunder Acquisition Shares, 50,760,218 Conversion Shares issuable upon conversion of its 7% convertible senior notes due 2029, and 1,048,352 Former Affiliate Shares. SunPower is not selling any securities in this offering and will not receive proceeds from sales by the selling securityholders; it will only bear registration expenses.

The attached Form 10‑Q shows for the thirteen weeks ended June 28, 2026 revenue of $54.9 million versus $66.1 million a year earlier, with an operating loss of $23.5 million but net income of $6.9 million, driven by a $38.8 million net other income largely from fair‑value changes in derivative and related liabilities. For the twenty‑six weeks, revenue was $127.7 million versus $144.5 million, and net income was $12.1 million versus a loss of $22.5 million.

As of June 28, 2026, SunPower held $4.1 million in cash and cash equivalents and total assets of $250.2 million against total liabilities of $276.5 million, resulting in a stockholders’ deficit of $26.3 million, improved from a $90.1 million deficit at year‑end 2025. Current liabilities were $139.2 million, including $17.5 million of short‑term debt. The company reports negative operating cash flow of $52.2 million for the first half of 2026, an accumulated deficit of $444.6 million, and states there is substantial doubt about its ability to continue as a going concern within one year without additional capital or operational changes.

SunPower Inc. (SPWR) filed a prospectus supplement registering the resale of up to 45,571,137 shares of common stock by selling securityholders, consisting of 19,300,991 Exchange Shares issued in lieu of about $10.7 million of cash interest on various 2029 convertible notes and 26,270,146 FPA Shares tied to OTC equity prepaid forward settlements. SunPower is not selling shares and will not receive proceeds from these resales.

As of August 21, 2026, 208,796,937 shares of common stock were outstanding, a baseline figure not being offered. For Q2 2026, revenue was $54.9 million versus $66.1 million a year earlier, with net income of $6.9 million versus a prior loss; year-to-date net income was $12.1 million. Operating activities used $52.2 million of cash in the first half of 2026.

At June 28, 2026, SunPower reported total assets of $250.2 million, total liabilities of $276.5 million and a stockholders’ deficit of $26.3 million, improved from a $90.1 million deficit at year-end 2025. Cash and cash equivalents were $4.1 million with current debt of $17.5 million. The company discloses substantial doubt about its ability to continue as a going concern and notes Nasdaq minimum bid price noncompliance and current ineligibility to use Form S-3 or shelf registrations.

SunPower Inc. (SPWR) has filed a prospectus supplement registering for resale by selling securityholders up to 55,088,493 shares of common stock, including 36,283,183 Conversion Shares issuable upon conversion of 10.0% convertible senior secured notes due 2029 and 18,805,310 Exchange Shares already issued under Exchange Agreements. SunPower is not selling any securities in this offering and will not receive proceeds from these resales.

The attached quarterly report for the thirteen and twenty-six weeks ended June 28, 2026 shows revenue of $54.9 million and $127.7 million, respectively, down from the prior-year periods, and an operating loss of $42.7 million year-to-date. Net income of $12.1 million year-to-date was driven largely by non‑operating gains, including fair value remeasurement of derivative liabilities. Cash and cash equivalents were $4.1 million with total assets of $250.2 million and total liabilities of $276.5 million, resulting in a stockholders’ deficit of $26.3 million.

Operating activities used $52.2 million of cash in the first half of 2026, while financing activities provided $43.4 million, including new convertible notes and equity issuance. Management discloses substantial doubt about the company’s ability to continue as a going concern within one year due to continued losses, limited liquidity, and dependence on additional financing. SunPower also received a Nasdaq notice on July 21, 2026 for failure to meet the minimum bid price requirement, and it is currently ineligible to use Form S-3 shelf registrations, increasing its reliance on S-1 and private placements for capital.

SunPower Inc. (SPWR) reports that while it showed a small consolidated net income of $12.1 million for the twenty-six weeks ended June 28, 2026, there is substantial doubt about its ability to continue as a going concern within one year. The company generated an operating loss of $42.7 million and used $52.2 million of cash in operating activities in the period.

As of June 28, 2026, SunPower had $4.1 million of cash and cash equivalents, $5.2 million of total cash, cash equivalents and restricted cash, current debt of $17.5 million, and total notes payable and derivative liabilities (net of current) of about $120.7 million, contributing to a stockholders’ deficit of $26.3 million and an accumulated deficit of $444.6 million. The company expects operating losses and negative operating cash flows to continue in the near term and is pursuing additional equity and debt financing and support from significant stockholders.

SunPower also discloses that it is not in compliance with Nasdaq’s minimum bid price requirement and is currently ineligible to use Form S-3 shelf registration due to prior untimely SEC filings, which may constrain capital-raising flexibility. During the period, the company continued integrating recent acquisitions of Sunder Energy, Ambia Energy, and Cobalt Power Systems, and recognized significant non-operating gains from the remeasurement of derivative and related liabilities, which largely drove the reported net income.

Alyeska Investment Group, L.P., Alyeska Fund GP, LLC and Anand Parekh reported ownership of common stock of SunPower Inc. on an amended Schedule 13G (Amendment No. 2). They beneficially own 10,196,302 shares of SunPower common stock, representing 4.73% of the outstanding class.

For all three reporting persons, there is no sole voting or dispositive power; instead, they report shared voting power and shared dispositive power over the same 10,196,302 shares. The ownership is categorized under “Ownership of 5 percent or less of a class.” The report is made jointly pursuant to a joint filing statement under Rule 13d-1(k).