Aankondiging • Apr 22
SunPower Inc. announced that it expects to receive $25 million in funding SunPower Inc. entered into note purchase agreements relating to the private offering of 10.00% Convertible Senior Secured Notes due 2029 aggregate principal amount of $25,000,000 issuable to qualified institutional buyers on April 21, 2026.The notes will get converted at initial conversion price of approximately $1.64 per share of Common Stock. The notes will get mature on May 1, 2029.The company will pay approximately $1,500,000 of fees and expenses incurred in connection with the Offering. The net proceeds of the offering are $9,750,000. Aankondiging • Mar 31
SunPower Inc. announced delayed annual 10-K filing On 03/30/2026, SunPower Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Aankondiging • Feb 11
Sunpower Inc. Announces the Promotion of Kapil Rai to Be EVP of the New Homes Division SunPower Inc. announced the promotion of Kapil Rai to be EVP of the New Homes division, which also includes the Multifamily and Light Commercial (C&I) segments. His mandate is to strengthen partnerships with builders, installation partners, financing companies, OEM suppliers, and customers nationwide. Kapil brings over 20 years of global P&L leadership from the semiconductor industry, where he worked for Future Electronics, Maxim Integrated, Cypress Semiconductor, and Microchip Technology. Aankondiging • Feb 05
Sunpower Inc. Appoints Wendell H. Laidley as CFO SunPower Inc. on February 5, 2026 announced that it hired Wendell H. Laidley as CFO, reporting to CEO T.J. Rodgers. Wendell Laidley, started his career in San Francisco, in equity research and worked his way up to VP at the Deutsche Bank Technology group run by Silicon Valley’s legendary Frank Quattrone – the banker who took my company, Cypress Semiconductor, public. Wendell followed Quattrone’s group to Credit Suisse where he was named to the InstitutionalInvestor’s All-America Research Team several times during his 1998-2002 tenure. He then became a stock portfolio manager in software for RS Investments, a spinout of San Francisco’s Robertson-Stephens Investment Bank – the other bank that took Cypress public. After a detour to found and profitably run Napa’s Realm Cellar Winery, he became the VP Finance for AppDynamics, followed by a similar stint at Big Switch Networks (2016-2018), both of which were acquired. His final Silicon Valley company was Life360, a family-oriented B2C consumer software company that he took public. Mr. Laidley, age 56, has more than 30 years of finance and accounting experience. Before joining the Company, Mr. Laidley served as chief financial officer of Lumio from May 2021 until August 2022. Mr. Laidley also served as CFO of Life360 from February 2019 to July 2020. Aankondiging • Feb 04
SunPower Inc. (NasdaqGM:SPWR) completed the acquisition of Cobalt Power Systems, Inc. in all-equity transaction. SunPower Inc. (NasdaqGM:SPWR) signed a letter of intent to acquire Cobalt Power Systems, Inc. in all-equity transaction for $9.7 million on January 16, 2026. SunPower Inc. (NasdaqGM:SPWR) entered into a share purchase agreement to acquire Cobalt Power Systems, Inc. in all-equity transaction on January 30, 2026. Under the terms of the transaction, SunPower will issue 1.8 million shares and additional $3.33 million of shares of Common Stock on the 12-month anniversary of the Closing and an additional $3.33 million of shares of Common Stock on the 18-month anniversary of the Closing.
For the period ending December 31, 2025, Cobalt Power Systems, Inc. reported total revenue of $35 million. Cobalt Power Systems, Inc. has 96 employees.
Michael Penney of Arnold & Porter Kaye Scholer LLP acted as legal advisor to SunPower Inc. Justin Borrowdale of Weintraub Tobin Chediak Coleman Grodin Law Corporation acted as legal advisor to Cobalt Power Systems, Inc.
SunPower Inc. (NasdaqGM:SPWR) completed the acquisition of Cobalt Power Systems, Inc. in all-equity transaction on February 2, 2026. Aankondiging • Jan 18
SunPower Inc. (NasdaqGM:SPWR) signed a letter of intent to acquire Cobalt Power Systems, Inc. in all-equity transaction. SunPower Inc. (NasdaqGM:SPWR) signed a letter of intent to acquire Cobalt Power Systems, Inc. in all-equity transaction on January 16, 2026.
For the period ending December 31, 2025, Cobalt Power Systems, Inc. reported total revenue of $35 million. Cobalt Power Systems, Inc. has 96 employees. Aankondiging • Jan 07
SunPower Inc.-REC Solar Partnership Introduces Solar Panel SunPower Inc. unveiled its new "Monolith" solar panel, the first product offered under the SunPower-REC Joint Development Agreement (JDA). The REC Group is the leading globally recognized solar panel manufacturer for the U.S. residential market. The JDA aims to develop, engineer, and commercialize high-wattage, frameless bifacial solar panels for the residential and light commercial solar markets. Aankondiging • Nov 24
SunPower Inc. (NasdaqGM:SPWR) completed the acquisition of Ambia Energy, LLC for $37.5 million. SunPower Inc. (NasdaqGM:SPWR) signed a letter of intent to acquire Ambia Energy, LLC for $37.5 million on November 11, 2025. SunPower Inc entered into Membership Interest Purchase Agreement to acquire Ambia Energy, LLC on November 21, 2025. The consideration consists of common equity of SunPower Inc. having a value of $37.5 million to be issued for common equity of Ambia Energy, LLC. As part of consideration, $37.5 million is paid towards common equity of Ambia Energy, LLC. As of November 21, 2025, the consideration consists of (a) 10,243,924 shares of SunPower common stock, $0.0001 par value per share, issued at Closing to the Member, and (b) an agreement to issue additional shares of common stock valued at $9.375 million on the six-month anniversary of Closing and another $9.375 million on the 12-month anniversary of Closing (Post-Closing Consideration Shares). The issuance of the Post-Closing Consideration Shares is subject to approval by SunPower's stockholders.
The transaction is subject to customary closing conditions will close in Q4 2025.
Michael Penney of Arnold & Porter Kaye Scholer LLP acted as legal advisor for SunPower Inc. Brian A. Lebrecht of Clyde Snow & Sessions, PC acted as legal advisor for Ambia Energy, LLC.
SunPower Inc. (NasdaqGM:SPWR) completed the acquisition of Ambia Energy, LLC on November 11, 2025. Aankondiging • Nov 13
SunPower Inc. announced delayed 10-Q filing On 11/12/2025, SunPower Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Aankondiging • Nov 12
SunPower Inc. (NasdaqGM:SPWR) signed a letter of intent to acquire Ambia Energy, LLC for $37.5 million. SunPower Inc. (NasdaqGM:SPWR) signed a letter of intent to acquire Ambia Energy, LLC for $37.5 million on November 11, 2025. The consideration consists of common equity of SunPower Inc. having a value of $37.5 million to be issued for common equity of Ambia Energy, LLC. As part of consideration, $37.5 million is paid towards common equity of Ambia Energy, LLC.
The transaction is subject to customary closing conditions will close in Q4 2025. Aankondiging • Oct 22
Sunpower Inc. Provides Earnings Guidance for the Fourth Quarter and Fiscal Year of 2025 and First Quarter of 2026 SunPower Inc. provided earnings guidance for the fourth quarter and fiscal year of 2025 and first quarter of 2026. For the fourth quarter of 2025, the company operating income estimate is $3.56 million on $83.3 million in revenue, both would be records.
For the fiscal year of 2025, the company revenue is estimated to be $303 million, with $12.0 million in operating income coming in four consecutive profitable quarters.
For the first quarter of 2026, the company operating income is estimated to be no less than $2.0 million, and currently expect to be profitable during 2026. Aankondiging • Oct 17
Complete Solaria, Inc. to Report Q3, 2025 Results on Oct 21, 2025 Complete Solaria, Inc. announced that they will report Q3, 2025 results on Oct 21, 2025 Aankondiging • Sep 22
Complete Solaria, Inc. announced that it expects to receive $22 million in funding Complete Solaria, Inc. announced that it has entered into a note purchase agreements with multiple purchasers to issue 7% senior convertible notes due 2029 in the aggregate principal amount of $22,000,000 for gross proceeds of $22,000,000 on September 21, 2025. The offering is expected to close on September 23, 2025. The net proceeds from the sale and issuance of the notes are expected to be approximately $19,800,000. The notes bear interest at a rate of 7% per annum, per year from September 16, 2024 and will be payable semiannually in arrears on January 1 and July 1 of each year, beginning on January 1, 2025. The notes are general unsecured obligations of the company and will mature on July 1, 2029, unless earlier converted, redeemed, or repurchased. The notes are convertible into shares of common stock. The conversion rate for the 7% notes is initially 467.8363 shares of common stock per $1,000 principal amount of notes. The conversion rate for the 7% notes is subject to adjustment from time to time in accordance with the terms of the Indenture. The company will pay expenses of $2,200,000. Aankondiging • Jul 22
Complete Solaria, Inc. Provides Earnings Guidance for the Third Quarter of 2025 Complete Solaria, Inc. provided earnings guidance for the third quarter of 2025. For the quarter, the company expects modestly increased revenue (about $70 million). And increased operating profit (about $3.0 million). Aankondiging • Jul 17
Complete Solaria, Inc. to Report Q2, 2025 Results on Jul 22, 2025 Complete Solaria, Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 22, 2025 Aankondiging • May 15
Complete Solaria, Inc. announced delayed 10-Q filing On 05/14/2025, Complete Solaria, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Aankondiging • May 02
SunPower Receives Notice of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 10-K SunPower, (aka Complete Solaria, Inc.) (“SunPower” or the “Company”) announced that it received an expected deficiency notification letter from the Listing Qualifications staff of The Nasdaq Stock Market LLC (“Nasdaq”) on April 28, 2025 (the “Notice”). The Notice indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) because it did not timely file its Annual Report on Form 10-K for the annual period ended December 29, 2024 (the “2024 Form 10-K”). The Listing Rules require Nasdaq-listed companies to timely file all required periodic reports with the SEC. In accordance with Nasdaq’s listing rules, the Company had 60 calendar days after the Notice to submit a plan to regain compliance with the Listing Rule. The Company’s Form 12b-25 notice (the “Form 12b-25”) filed with the Securities and Exchange Commission (the “SEC”) on March 31, 202 stated that the 2024 Form 10-K was delayed because the Company required more time to complete the procedures relating to its year-end audit and reporting process. The Company issued a further press release on April 19, 2025, stating its plan to file the 2024 Form 10-K on April 30, 2025. Subsequently, the Company filed the 2024 Form 10-K, including its audited financial statements, on April 30, 2025. SunPower CEO, T.J. Rodgers said, “The legally required notice above can be simplified to ‘we filed our 10K (annual report) with the SEC 16 days late’ – on April 30, 2025 versus the April 14, 2025 deadline, triggering a Nasdaq warning to get the report filed – which has already happened. We and our independent auditors BDO knew of the deadline but needed to spend 14,000 hours of auditing time versus the typical 6,500 hours needed for a more mature company to get the 10K report done right. There is no penalty for the delay and no impact on shareholders”. Aankondiging • Apr 14
Complete Solaria, Inc. to Report Q1, 2025 Results on Apr 23, 2025 Complete Solaria, Inc. announced that they will report Q1, 2025 results on Apr 23, 2025 Aankondiging • Apr 01
Complete Solaria, Inc. announced delayed annual 10-K filing On 03/31/2025, Complete Solaria, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Aankondiging • Mar 14
Complete Solaria, Inc., Annual General Meeting, May 15, 2025 Complete Solaria, Inc., Annual General Meeting, May 15, 2025. Aankondiging • Jan 30
Complete Solaria, Inc. Appoints J. Daniel Mccranie as A Director On January 24, 2025, Complete Solaria, Inc. appointed J. Daniel McCranie to serve as a director of the Company, effective immediately. Mr. McCranie will serve an initial term that will expire at the Company’s 2025 annual meeting of stockholders, when he will be up for election for another term. Prior to his appointment, the Board of Directors expanded its size from nine to ten directors. The resulting vacancy has been filled with Mr. McCranie’s election. Aankondiging • Jan 22
Complete Solaria, Inc. Provides Earnings Guidance for the First Quarter of 2025 Complete Solaria, Inc. provided earnings guidance for the first quarter of 2025. Despite the typical industry seasonality that reduces solar industry revenue by 5%-14% in the first quarter winter quarter, the company is forecasting modest quarter-on-quarter revenue growth to $82.0 million in first quarter of 2025. Aankondiging • Jan 20
Complete Solaria, Inc. to Report Q4, 2024 Results on Jan 21, 2025 Complete Solaria, Inc. announced that they will report Q4, 2024 results Pre-Market on Jan 21, 2025 Aankondiging • Dec 21
Complete Solaria, Inc. has filed a Follow-on Equity Offering in the amount of $50 million. Complete Solaria, Inc. has filed a Follow-on Equity Offering in the amount of $50 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Aankondiging • Nov 14
Complete Solaria, Inc. announced delayed 10-Q filing On 11/13/2024, Complete Solaria, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Aankondiging • Nov 04
Complete Solaria, Inc. to Report Q3, 2024 Results on Nov 13, 2024 Complete Solaria, Inc. announced that they will report Q3, 2024 results After-Market on Nov 13, 2024 Aankondiging • Oct 30
Complete Solaria, Inc., Annual General Meeting, Dec 18, 2024 Complete Solaria, Inc., Annual General Meeting, Dec 18, 2024. Aankondiging • Oct 16
Complete Solar Appoints Dan Myers as Executive Vice President of New Homes Division Complete Solar Holdings, Inc. d/b/a Complete Solar announced the appointment of Dan Myers to the position of Executive Vice President, New Homes Division, effective immediately. Mr. Myers will report to CEO, T.J. Rodgers and have financial and general management responsibility for the Company’s New Homes Division, which supports builders who create new residential communities. Mr. Myers has a decade-long track record in the solar industry, having held leadership positions at the largest residential installers in the country, including Vivint Solar and Sunrun. He is a supply chain expert who has also been a technical consultant to several Fortune 100 solar developers and buyers on more than 10 gigawatts of solar projects, about 1% of U.S. capacity. Prior to joining the solar industry, Mr. Myers served at U.S. embassies overseas. Aankondiging • Aug 14
Complete Solaria, Inc. Announces Resignation of Brian Wuebbels as COO Complete Solaria, Inc. announced that on August 16, COO Brian Wuebbels will leave the Company to take on a CEO role in a manufacturing company near his home in Highland, Illinois. Aankondiging • Aug 12
Complete Solaria, Inc. to Report Q2, 2024 Results on Aug 14, 2024 Complete Solaria, Inc. announced that they will report Q2, 2024 results After-Market on Aug 14, 2024 Aankondiging • Jul 18
Complete Solaria, Inc. announced that it expects to receive $10 million in funding from White Lion Capital Llc Complete Solaria, Inc. entered into a common stock purchase agreement with new investor White Lion Capital Llc for issuance of common shares for gross proceeds of $10,000,000 on July 16, 2024. The company will issue the common stock pursuant to the purchase agreement in reliance upon the exemptions from the registration requirements of the securities act provided by Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D promulgated thereunder. Aankondiging • Jun 15
Complete Solaria Appoints Daniel Foley Chief Financial Officer, Effective July 1, 2024 Complete Solaria, Inc. announced the appointment of Daniel Foley as Chief Financial Officer, effective July 1, 2024. Mr. Foley will report to Complete Solaria’s CEO, TJ Rodgers. Dan assumes the role of Chief Financial Officer effective July 1, 2024, and will be based at the company’s Lehi, Utah office. Aankondiging • May 01
Complete Solaria, Inc. to Report Q1, 2024 Results on May 02, 2024 Complete Solaria, Inc. announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on May 02, 2024 Aankondiging • Apr 12
Complete Solaria, Inc. Starts Headcount Reduction from 428 to 109 in Seven Rounds of Layoffs Complete Solaria, Inc. announced report on its progress in turning Complete Solaria (CSLR) around financially, starting with its dramatic headcount reduction from 428 to 109 (-74.5%) in seven rounds of layoffs. These layoffs were very unfortunate, but necessary for survival. And when any company keeps only the top 25% of its employees, it winds up with an excellent workforce. With fewer people, the company has been able to close down several buildings in California. Board Change • Apr 04
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CEO & Director Chris Lundell was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 03
Full year 2023 earnings released: US$3.89 loss per share (vs US$1.24 loss in FY 2022) Full year 2023 results: US$3.89 loss per share (further deteriorated from US$1.24 loss in FY 2022). Revenue: US$87.6m (up 32% from FY 2022). Net loss: US$96.2m (loss widened 243% from FY 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electrical industry in the US. New Risk • Feb 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-US$51m). Minor Risks Shareholders have been diluted in the past year (5.0% increase in shares outstanding). Market cap is less than US$100m (US$63.0m market cap). Aankondiging • Jan 23
Complete Solaria, Inc. Announces Executive Changes Complete Solaria, Inc. announced that on January 16, 2024, in connection with the Workforce Reduction, the Company terminated Mr. W. Anderson’s employment with the Company, effective as of January 16, 2024 (the “William Anderson Separation Date”). Following the William Anderson Separation Date, Mr. W. Anderson will continue to serve as a member the board of directors of the Company, in addition to other advisory and support roles pursuant to a consulting agreement to be entered int o with Mr. W. Anderson. Additionally, on January 16, 2024, and in connection with the Workforce Reduction, the Company terminated David Anderson’s employment as the Company’s Chief Marketing Officer and Head of Strategic Partnerships, effective as of January 16, 2024. Aankondiging • Dec 22
Complete Solaria, Inc. announced that it has received $5 million in funding Complete Solaria, Inc. announced that it has received $5 million in a round of funding on December 21, 2023. The transaction included participation from T.J. Rodgers, chairman of the company. Aankondiging • Dec 12
Complete Solaria, Inc. Appoints Chris Lundell as Its New CEO Complete Solaria, Inc. announced the appointment of Chris Lundell as Chief Executive Officer, effective immediately. Mr. Lundell will report to Complete Solarias Executive Chairman, T.J. Rodgers. Chris Lundell assumes the role of CEO effective immediately and will be based at the company's Utah office. He will continue building out the Company with exceptional talent and capability. T.J. Rodgers and four senior consultants will focus on completing the operational transformation of the Company over the next two quarters. Aankondiging • Nov 29
Complete Solaria, Inc Announces CEO Changes Complete Solaria, Inc. announced that Taner Ozcelik will not join the Company as its new CEO and that Founder Will Anderson will remain interim CEO. Aankondiging • Nov 18
Complete Solaria, Inc. Announces Chief Executive Officer Changes On November 12, 2023, the board of directors of the Complete Solaria, Inc. appointed Taner Ozecelik as Chief Executive Officer, effective as of November 20, 2023 (the ‘Effective Date’). William J. Anderson, the Company’s co-founder, Chief Executive Officer and member of the Board will step down as Chief Executive Officer as of the Effective Date. Mr. Anderson will remain an employee of the Company. Mr. Ozcelik has served at the intersection of semiconductors, consumer electronics, computing and automotive industries for more than two decades. From 2022 to 2023, Mr. Taner served as the Executive Vice President and GM of Luminar Technologies. From 2014 to 2021, Mr. Taner served as the Senior Vice President and General Manager, Intelligent Sensing Group of ON Semiconductor. Mr. Ozcelik served as Vice President and General Manager of NVIDIA’s automotive business from 2012 to 2014, and as General Manager of the Avionics, Automotive and Embedded Business of NVIDIA from 2006 to 2012. Mr. Ozcelik holds a Masters of Business Administration degree from the Wharton School of the University of Pennsylvania, a Ph.D. in Electrical Engineering from Northwestern University and a Bachelor of Science in Electrical Engineering from Bogazici University, Turkey. Aankondiging • Nov 17
Complete Solaria, Inc. Announces Board and Committee Appointments On November 12, 2023, the board of directors of the Complete Solaria, Inc. announced that Thurman J. Rodgers was appointed as the chairperson of the nominating and corporate governance committee of the Board. On November 12, 2023, upon the recommendation of the Nominating and Corporate Governance Committee of Board, the Board appointed Chris Lundell to serve as a director of the Company. New Risk • Nov 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$63m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$63m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-US$51m). Minor Risk Market cap is less than US$100m (US$59.1m market cap). Aankondiging • Nov 01
Complete Solaria, Inc. to Report Q3, 2023 Results on Nov 14, 2023 Complete Solaria, Inc. announced that they will report Q3, 2023 results After-Market on Nov 14, 2023 Aankondiging • Sep 22
Complete Solaria, Inc. Announces the Resignation of Arnaud Lepert as Chief Operating Officer, Effective October 1, 2023 Complete Solaria, Inc. announced that on September 19, 2023, Arnaud Lepert notified the Company that he is resigning as the Company’s Chief Operating Officer, effective October 1, 2023. Aankondiging • Aug 23
Complete Solaria, Inc. Provides Financial Outlook for Third Quarter 2023 Complete Solaria, Inc. provided financial outlook for third quarter 2023. For the third quarter of 2023, the company estimates revenues in the range of $38 million to $41million. Aankondiging • Aug 22
An unknown buyer entered into a Non-Binding Letter of Intent to acquire North American solar panel assets from Complete Solaria, Inc. (NasdaqGM:CSLR). An unknown buyer entered into a Non-Binding Letter of Intent to acquire North American solar panel assets from Complete Solaria, Inc. (NasdaqGM:CSLR) on August 21, 2023. The agreement also includes a provision for the buyer to supply premium, high-power solar panels to Complete Solaria. Deal closing is expected by the end of September 2023. Key terms and closing schedule may be subject to change. New Risk • Aug 17
New major risk - Negative shareholders equity The company has negative equity. Total equity: -US$20b This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-US$20b). Minor Risk Market cap is less than US$100m (US$67.4m market cap). Aankondiging • Jul 15
Freedom Acquisition I Corp. announced that it expects to receive $5.63 million in funding from Freedom Acquisition I LLC Freedom Acquisition I Corp. entered into subscription agreements for 563,000 common shares at the price of $10 per share for gross proceeds of $5,630,000 on July 13, 2023. The transaction will include participation from Freedom Acquisition I LLC. The transaction will close immediately prior to the Business Combination between the company and Complete Solaria which is in July 2023. 
