Mar. 16 at 6:15 PM
$SPWR SunPower’s
$10 Million Convertible Debenture Carries Tight Share Limits, March 14, 2026, Habib Ur Rehman, Insider Monkey (published in Yahoo Finance):
https://finance.yahoo.com/news/why-sunpower-10-million-convertible-173808494.html
“On March 11, 2026, SunPower disclosed in an SEC filing that it had entered into a purchase agreement with YA II PN, Ltd., dated March 6, 2026, under which the investor agreed to buy a convertible debenture with a principal amount of
$10 million. The purchase price was set at 90% of that amount, meaning SunPower is raising less cash than the debenture’s face value.
The debenture carries a 0% annual interest rate unless an event of default occurs, in which case the rate rises to 18%. It matures on March 6, 2027, unless extended at the holder’s option...
SunPower also signed a registration rights agreement tied to the deal. Under that agreement, the company is required to file the initial resale registration statement by April 30, 2026. ”
