Jan. 13 at 8:23 PM
$SPWR
SPWR Increases Equity Line Of Credit (ELOC) to
$55 Million, SunPower website, News releases, Jan 13, 2026:
Partial quotation (Part 2; see previous post for Part 1):
“SunPower CEO, T.J. Rodgers said, “Increasing the draw-down limit of our existing White Lion ELOC to
$55 million is the first step in fulfilling SunPower’s commitment to shareholders to report a minimum cash balance of at least
$10 million every quarter going forward. Now, we can achieve that quarter-end goal without raising more money than we need to run the company.”
Rodgers concluded, “Our Q4’25 results will be reported to shareholders on January 20, 2026, at 1pm ET. This backstop ELOC was not needed in Q4 because after having set both revenue and operating income records, we were cash flow positive. We have been working with White Lion for a year and a half and have a strong partnership with them. Their fee is the lowest we have seen in the business.”
https://investors.sunpower.com/news-releases/news-release-details/spwr-increases-equity-line-credit-eloc-55-million
