On October 30, 2026, SunPower Inc. filed a Current Report on Form 8-K to provide unaudited pro forma combined financial statements for the fiscal year ended December 28, 2025. The filing details the company's acquisition of two entities, Ambia Energy, LLC and Sunder Energy, LLC, which were completed in November 2025 and September 2025, respectively.
The Sunder Acquisition, finalized on September 24, 2025, involved the purchase of all equity interests of Sunder Energy LLC. The total consideration was valued at approximately $57.8 million. This payment consisted of $20.7 million in cash, a $20.0 million promissory note to the seller, and 3.33 million shares of SunPower common stock. The company also issued 10.0 million additional common stock shares as contingent consideration. The acquisition resulted in the recognition of $31.8 million in goodwill and $25.97 million in net tangible assets acquired.
The Ambia Acquisition closed on November 21, 2025. SunPower acquired all equity interests of Ambia for 10.24 million shares of common stock, valued at approximately $16.5 million at the closing share price of $1.61. Additionally, the company agreed to issue an additional $9.375 million in shares on the six-month and 12-month anniversaries of the closing, subject to stockholder approval and specific share price limitations. The acquisition recognized $30.8 million in goodwill and $2.56 million in net tangible assets acquired.
The pro forma financial data combines the historical results of SunPower, Sunder, and Ambia as if the acquisitions and associated financing had occurred on January 1, 2025. The filing notes that the pro forma results do not reflect any cost savings or synergies expected from the acquisitions.
