SunPower entered into a note purchase agreement on May 19, 2026, for the issuance of additional 10.00% Convertible Senior Secured Notes due 2029. The notes were issued pursuant to an indenture dated April 23, 2026. The notes carry a 10.00% annual interest rate, payable quarterly starting July 1, 2026. The initial conversion price is approximately $1.64 per share of common stock. The notes are secured by first-priority liens on substantially all assets of the company and its guarantor, Complete Solar, Inc.