SunPower Inc. entered into securities purchase agreements on September 2, 2026, to issue and sell 103,109,005 shares of common stock in a private placement for gross proceeds of approximately $26.2 million. The shares were sold at a price of $0.2541 per share, matching the Nasdaq Official Closing Price on that date. Investors include entities affiliated with CEO T.J. Rodgers and other directors. Proceeds are intended for working capital and general corporate purposes, with closing expected on September 4, 2026. SunPower Inc. operates in the solar energy industry, manufacturing photovoltaic modules and providing residential and commercial solar installation services.

SunPower Inc. reported preliminary Q2 2026 revenue of $55.96 million, a $16.8 million decline from Q1's $72.79 million, driven by a backlog of approximately 1,105 delayed jobs in its SunPower Direct Division due to quality specification violations. The company incurred a non-GAAP operating loss of $12.47 million, slightly better than Q1's $12.87 million loss, as operating expenses fell by $19.7 million, including a $7.1 million reduction in fixed costs. Management replaced the top tiers of the Direct Division's management team and expects to clear the backlog in Q3, targeting revenue growth to over $75 million and a 90% reduction in operating losses to under $1 million. The company ended the quarter with a cash balance of $4.02 million, below its $10 million target, having avoided dilutive equity financing. SunPower Inc. operates in the solar technology, services, and installation industry.

SunPower Inc. received a written notice from Nasdaq regarding its failure to meet the minimum bid price requirement of $1.00 per share. The company has 180 calendar days to regain compliance, with a requirement to that the closing bid price remains at least $1.00 for ten consecutive business days before January 19, 2027. SunPower Inc. operates in the solar energy industry and provides solar power solutions.

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.

SunPower Inc. announced that Jeanne Nguyen, the company's Chief Accounting Officer, departed from the company effective July 8, 2026. The company operates in the solar energy industry, providing residential and commercial solar power solutions.

SunPower Inc. appointed Tom Kowalczuk as Chief Financial Officer and Principal Financial Officer, effective June 30, 2026. Mr. Kowalczuk's compensation package includes a $400,000 annual base salary, a 50% target bonus opportunity, and 1,000,000 restricted stock units. SunPower Inc. operates in the solar energy industry and provides solar power solutions.