On May 30, 2024, SunPower Corporation experienced a significant event involving Global Infrastructure Management, LLC and its related entities, which now collectively hold a 65.1% stake in the company. This stake includes 162,970,512 shares of common stock, both directly held and through warrants. The event was the culmination of a series of financial transactions, including the exercise of a First Tranche Warrant on March 5, 2024, and May 1, 2024, resulting in the issuance of 41,612,944 shares of common stock to Sol Holding, LLC. Additionally, on May 30, 2024, SunPower issued a Second Tranche Warrant to Sol Holding, concurrent with the borrowing of $50 million of Tranche 2 Second Lien Loans. The Second Tranche Warrant is exercisable for 33,402,112 shares of common stock at $0.01 per share and is valid for ten years. The entities involved in the ownership include GIP III Sol Acquisition, LLC, GIP III Sol Holdings, L.P., Global Infrastructure GP III, L.P., and Global Infrastructure Investors III, LLC. The filing was made with the SEC on June 3, 2024, and includes detailed information on the transactions and the resulting ownership structure.

On May 30, 2024, SunPower Corporation experienced a significant event involving Global Infrastructure Management, LLC and its related entities, which now collectively hold a 65.1% stake in the company. This stake includes 162,970,512 shares of common stock, both directly held and through warrants. The event was the culmination of a series of financial transactions, including the exercise of a First Tranche Warrant on March 5, 2024, and May 1, 2024, resulting in the issuance of 41,612,944 shares of common stock to Sol Holding, LLC. Additionally, on May 30, 2024, SunPower issued a Second Tranche Warrant to Sol Holding, concurrent with the borrowing of $50 million of Tranche 2 Second Lien Loans. The Second Tranche Warrant is exercisable for 33,402,112 shares of common stock at $0.01 per share and is valid for ten years. The entities involved in the ownership include GIP III Sol Acquisition, LLC, GIP III Sol Holdings, L.P., Global Infrastructure GP III, L.P., and Global Infrastructure Investors III, LLC. The filing was made with the SEC on June 3, 2024, and includes detailed information on the transactions and the resulting ownership structure.