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SunPower Signs Amendment to Stock Purchase Agreement With White Lion Capital
- SunPower amends its stock purchase agreement with White Lion Capital to extend the equity facility timeline.
- The commitment period now ends at the earlier of Dec 31, 2027 or full purchase of the commitment.
- SunPower increases the commitment amount to $55 million, pending stockholder approval.
- A three-hour rapid purchase option was added, priced off the lowest traded price in a defined window.
- The amendment is intended to provide additional liquidity flexibility for equity financing.
- The agreement concerns a committed equity facility with White Lion Capital.
- SunPower disclosed the amendment details in an 8-K filing reported by TradingView.
- The summary notes that the information is AI-powered and may require verification.
- The news focuses on SunPower's liquidity strategy and flexibility to raise capital as needed.
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