# SunPower Inc. (SPWRW) — capital_raise [announced]
Source: SEC API (secapi.ai) · situation sit_3cd2a7a81bf87afef4ca · retrieved 2026-08-12T21:18:22.314Z

## Overview
SunPower Inc. is a solar energy company engaged in the design, manufacture, and installation of solar power systems for residential and commercial customers.

On July 17, 2026, SunPower Inc. entered into OTC Equity Prepaid Forward Transaction Settlement Agreements with funds managed by Polar Asset Management Partners Inc., Meteora Capital, LLC, and Sandia Investment Management LP to settle obligations under forward purchase agreements dated July 13, 2023. The company elected to pay the settlement amount adjustments by issuing an aggregate of 17,900,462 shares of common stock (the "Initial FPA Shares"), with additional shares potentially issuable based on trading price during the valuation period. For one FPA Seller, the company must make monthly cash amortization payments of $50,000 beginning October 31, 2026, if that seller has not realized its full settlement amount adjustment through share sales by that date. The settlement agreements include registration rights for the issued shares.

## Terms
- Counterparty: Polar Asset Management Partners Inc., Meteora Capital, LLC, and Sandia Investment Management LP · Consideration: mixed

## Key dates
- Announced 2026-07-22

## Timeline
- 2026-07-22 · 8-K (0001213900-26-080198): 8-K - SunPower Inc. — *SunPower Inc. is a solar energy company engaged in the design, manufacture, and installation of solar power systems for residential and commercial customers.* On July 17, 2026, SunPower Inc. entered into OTC Equity Prepaid Forward Transaction Settlement Agreements with funds managed by Polar Asset Management Partners Inc., Meteora Capital, LLC, and Sandia Investment Management LP to settle obligations under forward purchase agreements dated July 13, 2023. The company elected to pay the settlement amount adjustments by issuing an aggregate of 17,900,462 shares of common stock (the "Initial FPA Shares"), with additional shares potentially issuable based on trading price during the valuation period. For one FPA Seller, the company must make monthly cash amortization payments of $50,000 beginning October 31, 2026, if that seller has not realized its full settlement amount adjustment through share sales by that date. The settlement agreements include registration rights for the issued shares.
  https://www.sec.gov/Archives/edgar/data/1838987/0001213900-26-080198.txt

## Citations
- 0001213900-26-080198 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026080198