{"url_path":"/sec/spwr/8-k/2026-07-22/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-22","source_url":"https://www.sec.gov/Archives/edgar/data/1838987/0001213900-26-080198-index.html","accession_number":"0001213900-26-080198","cik":"0001838987","ticker":"SPWR","issuer_name":"SunPower Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1838987/0001213900-26-080198-index.html","primary_entity_key":"0001838987","primary_entity_name":"SunPower Inc."},"word_count":291,"has_tables":true,"body_markdown":"**Item 1.01. Entry into a Material Definitive Agreement**\n\n** **\n\nOn July 17, 2026, SunPower Inc. (the “**Company**”)\nentered into OTC Equity Prepaid Forward Transaction Settlement Agreements (the “**FPA Settlement Agreements**”) with funds\nand accounts managed by Polar Asset Management Partners Inc., Meteora Capital, LLC and Sandia Investment Management LP (the “**FPA\nSellers**”). The FPA Settlement Agreements memorialize the agreements between the Company and each FPA Seller with respect to\n(i) the settlement amount adjustment payable by the Company under each of the confirmations regarding OTC Equity Prepaid Forward Transactions,\neach dated July 13, 2023 (the “**Forward Purchase Agreements**”), (ii) the Company’s election to pay the settlement\namount adjustments by issuing an aggregate of 17,900,462 shares of common stock pursuant to the FPA Settlement Agreements (the “**Initial\nFPA Shares**”), (iii) certain mechanics for determining whether any further shares of common stock are issuable as a result of\nthe trading price of the common stock during the valuation period under the FPA Settlement Agreements and the Forward Purchase Agreements\n(the “**Additional FPA Shares**”), and (iv) in the case of one FPA Seller, the obligation to make monthly cash amortization\npayments of $50,000 beginning on October 31, 2026 if such FPA Seller has not realized its full settlement amount adjustment through the\nsale of shares of common stock on or before such date. The FPA Settlement Agreements also include registration rights with respect to\nthe shares of common stock issued or issuable pursuant to the FPA Settlement Agreements and related Forward Purchase Agreements.\n\n \n\nThe foregoing summary of the FPA Settlement Agreements\nis qualified in its entirety by reference to the FPA Settlement Agreements attached as Exhibits 10.1, 10.2 and 10.3 to this Current Report\non Form 8-K, and such Exhibits are incorporated herein by reference."}