SunPower Inc. (SPWRW) SEC Filings

SunPower Inc. (SPWR) director Devin Whatley reported an indirect acquisition of 393,545 shares of common stock on September 4, 2026 at $0.2541 per share, purchased by a living trust for which he and his spouse are trustees under a Securities Purchase Agreement dated September 2, 2026. Following this transaction, the trust holds 393,545 shares, and Whatley reports additional positions of 103,825 directly held shares originating from restricted stock units under the 2023 Equity Incentive Plan and 5,832,054 shares held by Ecosystem Integrity Fund II entities, for which he is affiliated with the general partner. He disclaims beneficial ownership of the trust and fund securities except to the extent of his pecuniary interest, and no Rule 10b5-1 trading plan is reported.

SunPower Inc. (SPWR) director, chief executive officer and ten percent owner Thurman J. Rodgers reported transactions involving a Simple Agreement for Future Equity and common stock. On August 24, 2026, the Rodgers Massey Revocable Trust purchased a SAFE for $2,000,000. On September 4, 2026, that SAFE was converted into 7,870,917 shares of SunPower common stock held indirectly by the Revocable Trust. Additional indirect holdings are reported through various trusts and an LLC, and 8,842 shares are held directly.

SunPower Inc. (SPWR) reported that director William James Anderson had an indirect acquisition of 1,180,637 shares of common stock on September 4, 2026, at a reported price of $0.2541 per share.

The shares were purchased by SameDay Solar, Inc. under a Securities Purchase Agreement dated September 2, 2026, with SunPower; Anderson is a stockholder and director of SameDay Solar and disclaims beneficial ownership of these shares except to the extent of his pecuniary interest. Separately, Anderson is reported to hold 1,076,828 SunPower shares directly, and additional shares are held indirectly through Risk Allocations Systems, Inc., for which he also disclaims beneficial ownership. No Rule 10b5-1 trading plan is reported.

SunPower Inc. (SPWR) reported that director J. Daniel McCranie983,864 shares of common stock on September 4, 2026, at $0.2541 per share, issued pursuant to a Securities Purchase Agreement dated September 2, 2026. After this grant, he holds 2,227,033 shares directly and 93,650 shares indirectly through the Dan and Kathy McCranie Revocable Trust, where he and Kathy McCranie serve as trustees. No Rule 10b5-1 trading plan is reported for these transactions.

SunPower Inc. (SPWR) is the subject of an amended Schedule 13D in which Thurman J. Rodgers and affiliated entities report beneficial ownership of 66,307,206 shares of common stock, representing 19.5% of SunPower’s outstanding common stock as of September 8, 2026. The group’s holdings include common shares, stock options, warrants and shares issuable upon conversion of the company’s 7%, 10% and 12% convertible senior notes due 2029.

The amendment is triggered because the group’s ownership percentage increased by more than 1% following a private placement in which the Rodgers Massey Revocable Living Trust purchased 7,870,917 shares on September 4, 2026. Rodgers, SunPower’s Chief Executive Officer, Executive Chairman and director, indicates that the group may buy or sell additional securities and may engage in discussions about potential extraordinary corporate transactions, changes in capitalization, or other significant changes to SunPower’s business or governance, while stating they have no specific current plans beyond the disclosures in this filing.

SunPower Inc. (SPWR) entered into securities purchase agreements for a private placement of 103,109,005 shares of common stock at $0.2541 per share, matching the Nasdaq Official Closing Price on September 2, 2026. The transaction is expected to generate approximately $26.2 million in gross proceeds.

The shares are being sold to accredited investors, including entities affiliated with T.J. Rodgers, William Anderson, J. Daniel McCranie and Devin Whatley, and a group led by Foris Ventures. SunPower plans to use the cash for working capital and general corporate purposes, with closing expected on September 4, 2026, subject to customary conditions.

The company will rely on Section 4(a)(2) and/or Rule 506 of Regulation D for the unregistered issuance and has agreed to file a resale registration statement for these shares by October 2, 2026. In an accompanying press release and investor materials, SunPower highlighted its current approximately $300 million revenue base, a roughly $60 million equity valuation, and its view of significant growth potential in a U.S. residential solar market the U.S. EIA estimates at $7 billion with about 6% penetration in 2026.

SunPower Inc. (SPWR) entered into a simple agreement for future equity (SAFE) on August 24, 2026 with the Rodgers Massey Revocable Living Trust, an affiliate of Chief Executive Officer and Chairman Thurman J. Rodgers, for a $2,000,000 investment in the company.

The SAFE will automatically convert into SunPower equity securities in the company’s next equity financing transaction, in an amount equal to the $2,000,000 purchase amount divided by the applicable price per share, unit or other increment of securities issued in that financing, without any discount and subject to applicable Nasdaq listing rules. SunPower states that this issuance relied on the private-offering exemption under Section 4(a)(2) of the Securities Act of 1933.

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).