SunPower Inc. provided unaudited pro forma combined results for the year ended December 28, 2025, reflecting its completed acquisitions of Sunder Energy and Ambia and the Sunder acquisition financing as if all had been completed on January 1, 2025. The combined results show $429.688 million in revenue, a $58.5 million net loss from continuing operations and a $0.56 loss per share.
Sunder closed September 24, 2025, and Ambia closed November 21, 2025. Total fair-value consideration was $57.789 million for Sunder and $33.372 million for Ambia. Sunder consideration included $20.689 million in cash, a $20.0 million seller note, 3,333,334 shares issued at closing and contingent consideration of up to 6,666,666 shares. Ambia consideration included 10,243,924 closing shares and deferred shares; the agreement provides for $9.375 million of shares at each of the six- and 12-month anniversaries, subject to stockholder approval. The illustrative results exclude potential cost and revenue synergies, and provisional acquisition fair values remain subject to change.
SunPower Inc. is asking shareholders to approve a reverse split of its common stock at a ratio ranging from 1-for-5 to 1-for-35, subject to stockholder approval. If approved, the Board could select the ratio and implement the split by December 31, 2026, or abandon it before filing the amendment. The split would generally preserve stockholders’ ownership percentages, except for fractional-share treatment, while leaving 1 billion authorized common shares unchanged; the company says future share issuances could dilute existing holders.
SunPower reports receiving Nasdaq notice of bid-price noncompliance on July 21, 2026. It has until January 19, 2027, to regain compliance by closing at $1.00 or more for at least 10 consecutive business days. The November 2, 2026, virtual meeting will also consider 11 director nominees and ratification of BDO USA, P.C. as auditor for the fiscal year ending January 3, 2027. Common shares outstanding were 320,300,345 as of September 18, 2026.
SunPower Inc. (SPWR) received an amended initial ownership report indicating that entities and individuals affiliated with L. John Doerr, Ann Doerr, and Barbara Hager are ten percent owners through indirect holdings in Foris Ventures, LLC and The Vallejo Ventures Trust U/T/A 2/12/96. As of September 4, 2026, these affiliated entities report large positions in SunPower common stock and related convertible and warrant securities, with the filers expressly disclaiming beneficial ownership beyond their pecuniary interests.
SunPower Inc. (SPWR) director Antonio R. Alvarez reported a bona fide gift of 3,000 shares of SunPower common stock on September 17, 2026, transferring them to his daughter. After this gift, he reports holding 103,557 shares directly. He disclaims beneficial ownership of the shares held by his daughter, and no Rule 10b5-1 trading plan is reported.
SunPower Inc. (SPWR) reported that director Jamie Haenggi has informed the company she will not stand for reelection at the 2026 Annual Meeting of Stockholders and will continue to serve on the Board until that meeting; her decision is stated as not due to any disagreement with the company or the Board. The company set November 2, 2026 as the date of the 2026 Annual Meeting, which will be held virtually, with a record date of September 18, 2026 for stockholders entitled to vote. Because this meeting date is more than 30 days after the prior year’s annual meeting, SunPower reset the deadlines for shareholder proposals and director nominations, requiring qualified submissions to be received at its Orem, Utah headquarters by the close of business on September 28, 2026 in order to be considered or included in proxy materials under the applicable SEC rules and the company’s bylaws.
SunPower Inc. (SPWR) has been reported as having 19,677,291 shares of its common stock beneficially owned by Crosslink Capital, Inc. and Michael J. Stark, representing 6.2% of the outstanding common stock. These shares are held by funds advised by Crosslink, with Stark as the control person of Crosslink.
The Reporting Persons have shared voting and dispositive power over all 19,677,291 shares and no sole voting or dispositive power. The ownership percentage is based on 315,199,964 shares of SunPower common stock outstanding as of September 8, 2026, as reported to the Reporting Persons.
SunPower Inc. (SPWR) disclosed that Foris Ventures, LLC and affiliated reporting persons hold a significant stake in its common stock. As of September 8, 2026, Foris Ventures directly owns 43,196,259 shares of common stock, representing about 13.6% of SunPower’s outstanding common stock, including shares issuable under certain securities.
The Vallejo Ventures Trust U/T/A 2/12/96, together with interests through Foris Ventures, and individuals L. John Doerr, Ann Doerr, and Barbara Hager may each be deemed to beneficially own 44,724,680 shares, or about 14.0% of the company. This total includes 3,051,572 shares issuable upon conversion of a 10.00% Convertible Senior Secured Note due 2029 and 121,176 shares issuable upon exercise of a warrant issued July 18, 2023. The ownership percentages are based on 315,199,964 shares of common stock outstanding as of September 8, 2026 plus the note and warrant shares.
SunPower Inc. (SPWR) reports that L. John Doerr, as a ten percent owner, has filed an initial ownership statement showing large indirect positions held through affiliated entities. Foris Ventures, LLC holds a $5,000,000 10.00% Convertible Senior Secured Note due 2029 convertible into 3,051,572 SunPower common shares at an effective price of about $1.64 per share, a warrant for 121,176 shares at $11.50, and 40,023,511 common shares. The Vallejo Ventures Trust holds an additional 1,528,421 common shares indirectly attributed to Doerr, who disclaims beneficial ownership except to the extent of any pecuniary interest.
SunPower Inc. (SPWR) director Adam Gishen reported selling 70,000 shares of common stock on September 9, 2026, in an open-market or private transaction at $0.31 per share.
Following this sale, he directly holds 140,655 shares of SunPower common stock, and the filing states the trade was not made under a Rule 10b5-1 trading plan.
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.