Investments
- Options
- Stocks
- ETFs
- Fractional Shares
- Cash Sweep
Features
Market Analysis
- Real-time Quotes
  Stocks Market
  
  Options Market
  
  Futures Market
  
  ETF Market
  
  Forex Market
- Technical Tools
  Stock Screener
  
  Heat Map
  
  Earnings Calendar
  
  Institutional Tracker
- Trading News
  Headlines
  
  Latest News
  
  Financial Calendar
  
  Trending Topics
  
  Video Analysis
Pricing
- Pricing
- Margin Rate
Promotions
Resources
- Strategies and Insights
  Blogs
- Moomoo Guide
  Moomoo Tutorials
- Moomoo Lessons
  Investment Courses
- Moomoo Community
  Feed
  
  Discussions
  
  Featured Content
Why Moomoo
- About Us
- Moomoo Desktop
- Moomoo Foundation
- Newsroom
- Influencer Program
- Investor Relations
  
  You will leave moomoo.com and for FUTU holdings Ltd. website.
Support
More
- Why Moomoo
  About Us
  
  Moomoo Desktop
  
  Moomoo Foundation
  
  Newsroom
  
  Influencer Program
  
  Investor Relations
  You will leave moomoo.com and for FUTU holdings Ltd. website.
- Support

English
中文繁體
中文简体

Mobile

Moomoo Desktop

The next-gen workspace

Download now

Click to view more download content

English

Back

Investments
- Options
- Stocks
- ETFs
- Fractional Shares
- Cash Sweep
Features
Market Analysis
- Real-time Quotes
- Technical Tools
- Trading News
Pricing
- Pricing
- Margin Rate
Promotions
Resources
- Strategies and Insights
  - Blogs
- Moomoo Guide
  - Moomoo Tutorials
- Moomoo Lessons
  - Investment Courses
- Moomoo Community
Why Moomoo
- About Us
- Moomoo Desktop
- Moomoo Foundation
- Newsroom
- Influencer Program
- Investor Relations
  
  You will leave moomoo.com and for FUTU holdings Ltd. website.
Support

English
中文繁體
中文简体

Dark
Light

Open Account

Download

Back to the Top

SunPower | 8-K: Current report

SEC · Jun 3, 2024 06:10

Summary by Moomoo AI

SunPower Corporation, a leading solar technology company, has announced the drawdown of a $50 million second tranche from a $175 million second lien term loan on May 30, 2024. This financial move is part of a previously disclosed agreement with Sol Holding, LLC, which is jointly owned by affiliates of TotalEnergies SE and Global Infrastructure Partners, and also the majority owner of SunPower's common stock. The drawdown is aimed at furthering business operations and executing the company's business plan. In conjunction with this drawdown, SunPower has agreed to issue warrants to Sol Holding for the purchase of approximately 33.4 million shares of common stock at $0.01 per share. The company is also actively working to finalize its restated financial statements for 2022 and 2023, as well as its Q1 2024 report. SunPower's commitment to reducing costs and increasing financial resilience is underscored by this transaction, which is supported by its majority shareholders. The terms of the second tranche warrant and the associated registration rights agreement are substantially similar to those of the first tranche warrant, as detailed in the company's filings with the SEC.

Helpful

Not Helpful

This announcement is a separate document:

Doc 1

Doc 2

Doc 3

Doc 4

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

Risk Disclaimer

The information summarized by Moomoo AI is generated automatically by a third-party artificial intelligence (AI) model based on the news content. It does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliated companies. Due to implementation limitations and technological capabilities, the AI-generated information quality may vary. You agree that any action you take upon the information on this page is at your own risk. You further agree that MTI and its affiliated companies shall not be held liable for any losses or damages incurred as a result of your use of the above information.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.

In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).

In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.

In Australia, financial products and services available through the moomoo app are provided by Moomoo Securities Australia Limited, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our website https://www.moomoo.com/au.

In Canada, order-execution only services available through the moomoo app are provided by Moomoo Financial Canada Inc., regulated by the Canadian Investment Regulatory Organization (CIRO).

In Malaysia, investment products and services available through the moomoo app are offered through Moomoo Securities Malaysia Sdn. Bhd. ("Moomoo MY"regulated by the Securities Commission of Malaysia (SC). Moomoo Securities Malaysia Sdn. Bhd. is a Capital Markets Services Licence (License No. eCMSL/A0397/2024) holder. This advertisement has not been reviewed by the SC.

Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.，Moomoo Securities Australia Limited, Moomoo Financial Canada Inc., and Moomoo Securities Malaysia Sdn. Bhd. are affiliated companies.

Got it

Risk Disclaimer

Got it

Heat List

SymbolLatest Price% Chg

No Data

Hot News

Updated

About moomoo

Terms & Conditions

Licensed Entities*

Your Privacy Choices

Careers / Contact:

Apply Now hr@us.moomoo.com

Investment products and services are offered through Moomoo Financial Inc., Member SIPC./FINRA).
For further information about Moomoo Financial Inc., please visit Financial Industry Regulatory Authority (FINRA)’s BrokerCheck.

Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request.

$0 commission trading is available only to U.S. residents trading in the U.S. markets through Moomoo Financial Inc. Other fees may apply. For more info, visit moomoo.com/us/pricing

Investing involves risk and the potential to lose principal. Electronic trading also involves risks. The responsiveness of the trading system may vary due to market conditions, system performance, and other factors. Account access and trade execution may be affected by factors such as market volatility.

Investment products are not insured by the FDIC, not a deposit, and may decline in value.

The services and products offered on the website are subject to applicable laws and regulations, as well as relevant service terms and policies. The services and products are not available to all customers or in all geographic areas or in any jurisdiction where it is unlawful for us to offer such services and products.