Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities
Item 1.01 Entry into a Material Definitive Agreement. On August 24, 2026, SunPower Inc. (the “Company”) entered into a simple agreement for future equity (the “SAFE”) with the Rodgers Massey Revocable Living Trust (the “Purchaser”) in connection with the Purchaser’s investment of $2,000,000 (the “Purchase Amount”) in the Company. The Purchaser is an affiliate of Thurman J.…
Filed Aug 28, 2026Accepted Aug 28, 2026, 4:30 PM EDTCIK 1838987Accession 0001213900-26-095088
SunPower Inc. (the “Company”) is the rebranded name of Complete Solaria, Inc. The rebranding was effective April 22, 2025 and became legally effective on October 17, 2025. We are headquartered in Orem, Utah.
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Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01
Entry into a Material Definitive Agreement.
On August 24, 2026, SunPower Inc. (the “Company”)
entered into a simple agreement for future equity (the “SAFE”) with the Rodgers Massey Revocable Living Trust (the
“Purchaser”) in connection with the Purchaser’s investment of $2,000,000 (the “Purchase Amount”)
in the Company. The Purchaser is an affiliate of Thurman J. Rodgers, the Company’s Chief Executive Officer and Chairman.
The SAFE is automatically convertible into equity
securities of the Company in an amount equal to the Purchase Amount divided by the applicable price per share, unit or other increment
of the equity securities issued by the Company in its next equity financing transaction, and without any discount, and subject to the
requirements of applicable Nasdaq listing rules.
The foregoing description of the SAFE does not
purport to be complete and is qualified in its entirety by reference to the full text of the SAFE, which is attached hereto as Exhibit
10.1, and which is incorporated herein by reference.
Item 3.02Item 3.02 - Unregistered Sales of Equity
Item 3.02.
Unregistered Sales of Equity Securities
The disclosure set forth above in Item 1.01 of
this Current Report on Form 8-K relating to the issuance of the SAFE is incorporated by reference herein in its entirety. The offer and
sale of the SAFE was made in reliance upon the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933,
as amended.