SunPower Inc. has announced an amendment to its existing common stock purchase agreement with White Lion Capital, LLC, enabling the company to sell up to $55 million of its common stock to White Lion through a private placement. The agreement, as amended, extends the commitment period to the earlier of December 31, 2027, or until White Lion has purchased the full commitment amount. Notably, the new amendment introduces a feature allowing SunPower to issue rapid purchase notices, enabling the company to sell shares at the lowest traded price during a specified three-hour window. The sale of shares under this agreement will be conducted as an unregistered transaction, exempt from SEC registration under Section 4(a)(2) of the Securities Act of 1933. Completion of the increased commitment amount is subject to shareholder approval.

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