SunPower proposes stock-in-lieu offers for convertible note interest payments
SunPower is negotiating with holders of its 12% and 7% convertible notes due 2029 to accept common stock with bonus shares instead of cash interest for payments due July 1, 2026 and January 1, 2027. The move aims to preserve cash liquidity through Q3 2026 following a recent investment from Fortis Capital.
AI-generated summary for informational purposes only. Always verify against the original filing. Not investment advice. BriefTape is not a registered investment adviser.
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