SunPower Inc. entered into OTC Equity Prepaid Forward Transaction Settlement Agreements with Polar Asset Management Partners Inc., Meteora Capital, LLC, and Sandia Investment Management LP to settle amount adjustments under previous Forward Purchase Agreements. The company issued 17,900,462 shares of common stock as initial settlement shares, with potential for additional shares to be issued based on stock price performance during a valuation period. One seller may require monthly cash amortization payments of $50,000 starting October 31, 2026, if settlement is not completed via share sales. SunPower Inc. provides solar energy solutions and services.
