Feb. 2 at 3:36 PM
$SPWR SunPower Secures
$20 Million SEPA Agreement, The Standby Equity Purchase Agreement Provides for
$20 Million in Equity Funding, Feb 2, 2026:
"SunPower…today announced that it has secured a Standby Equity Purchase Agreement (SEPA) with an affiliate of Yorkville Advisors Global (“Yorkville”) for a committed
$20 million in funding from newly issued stock.
The SEPA vehicle includes a pre-paid advance feature, which SunPower can draw on subject to various predetermined conditions. The discretionary aspect of the SEPA...provides financial flexibility, an “insurance policy,” but does not dilute investors or trigger interest payments on the unused portions.
...CEO T.J. Rodgers said, “This is the second step in meeting our commitment to maintain a minimum of
$10 million in cash every quarter…The Yorkville SEPA allows for pre-paid advances of up to
$20 million that are paid back with equity, an expensive way to raise money…so this SEPA will be used only as a backstop.”"
https://investors.sunpower.com/news-releases/news-release-details/sunpower-secures-20-million-sepa-agreement
