Complete Solaria Files 8-K with Financials

TL;DR

CSLR filed an 8-K on 6/21 for 6/17 events, including financials. Formerly Freedom Acquisition I Corp.

AI Summary

Complete Solaria, Inc. filed an 8-K on June 21, 2024, reporting events that occurred on June 17, 2024. The filing includes financial statements and exhibits. The company was formerly known as Freedom Acquisition I Corp. and changed its name on January 5, 2021.

Why It Matters

This filing provides updated information and financial details for Complete Solaria, Inc., which is important for investors and stakeholders to assess the company's current status.

Risk Assessment

Risk Level: low — This is a routine filing of an 8-K to report other events and financial statements, not indicating any immediate financial distress or significant operational change.

Key Players & Entities

• Complete Solaria, Inc. (company) — Registrant
• Freedom Acquisition I Corp. (company) — Former company name
• June 17, 2024 (date) — Earliest event date
• June 21, 2024 (date) — Filing date
• January 5, 2021 (date) — Date of name change

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 per share CSLR The Nasdaq Global Ma
• $11.50 — of Common Stock at an exercise price of $11.50 per share CSLRW The Nasdaq Capital
• $6.9 m — iemens claimed damages of approximately $6.9 million, inclusive of amounts of the Subs
• $2,007,024.63 — Order") which awards Siemens a total of $2,007,024.63 in attorneys' fees and costs. The Subsi

Filing Documents

• ea0208272-8k_complete.htm (8-K) — 34KB
• ea020827201ex10-1_complete.htm (EX-10.1) — 7KB
• ex10-1_001.jpg (GRAPHIC) — 447KB
• ex10-1_002.jpg (GRAPHIC) — 541KB
• ex10-1_003.jpg (GRAPHIC) — 466KB
• ex10-1_004.jpg (GRAPHIC) — 341KB
• ex10-1_005.jpg (GRAPHIC) — 292KB
• ex10-1_006.jpg (GRAPHIC) — 307KB
• ex10-1_007.jpg (GRAPHIC) — 582KB
• ex10-1_008.jpg (GRAPHIC) — 421KB
• ex10-1_009.jpg (GRAPHIC) — 478KB
• 0001213900-24-054756.txt ( ) — 5594KB
• cslr-20240617.xsd (EX-101.SCH) — 4KB
• cslr-20240617_def.xml (EX-101.DEF) — 26KB
• cslr-20240617_lab.xml (EX-101.LAB) — 36KB
• cslr-20240617_pre.xml (EX-101.PRE) — 25KB
• ea0208272-8k_complete_htm.xml (XML) — 6KB

01. Other Events

Item 8.01. Other Events As previously reported, in July 2021, Siemens Government Technologies, Inc. and Siemens Industry, Inc. (collectively, "Siemens") filed a lawsuit against Solaria Corporation and SolarCA, LLC, which are wholly-owned subsidiaries of Complete Solaria, Inc. (collectively, the "Subsidiaries"), in Fairfax Circuit Court (the "Court") in Fairfax, Virginia in the case captioned Siemens Government Technologies, Inc. and Siemens Industry Inc. v. Solaria Corporation and SOLARCA, LLC (Case No. CL-2021-10556). In such lawsuit, Siemens alleged that the Subsidiaries breached express and implied warranties under a purchase order that Siemens placed with the Subsidiaries for a solar module system. Siemens claimed damages of approximately $6.9 million, inclusive of amounts of the Subsidiaries' indemnity obligations to Siemens, plus attorneys' fees. As previously reported, in February 2024, the Court issued an order against the Subsidiaries which awards Siemens approximately $6.9 million, inclusive of amounts of the Subsidiaries' indemnity obligations to Siemens, plus attorney's fees, the amount of which would be determined at a later hearing. The Subsidiaries intend to appeal such judgment. On June 17, 2024, the Court entered a final order ("Siemens v. Solaria Final Order") which awards Siemens a total of $2,007,024.63 in attorneys' fees and costs. The Subsidiaries intend to appeal such judgment. The foregoing description of the Siemens v. Solaria Final Order does not purport to be complete and is qualified in its entirety by the terms and conditions of the Siemens v. Solaria Final Order, the form of which is filed as Exhibit 10.1 (Siemens v. Solaria Final Order) and incorporated herein by reference.

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains certain forward-looking statements, including statements relating to post-trial remedies, including an intention to appeal the judgement. When used herein, the words "potential," "believe," "expect," "expects," "expected," "anticipate," "may," "will," "enable," "should," "seek," "approximately," "intends," "intended," "plans," "planned," "planning," "estimates," "benefits," or the negative of these words or other comparable terminology and similar expressions as they relate to Complete Solaria, Inc. ("Complete Solaria") and are intended to identify such forward-looking statements. These statements are based on the current views and assumptions of Complete Solaria and involve risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements, relating to, among other things, the ability to successfully prevail on post-trial motions or appeal, the impact of any final judgment on Complete Solaria's consolidated financial results, and other risks and uncertainties disclosed from time to time in Complete Solaria's filings with the U.S. Securities and Exchange Commission or otherwise. These forward-looking statements are based on information currently available to Complete Solaria and it assumes no obligation to update any forward-looking statements except as required by applicable law.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 10.1 Form of Siemens v. Solaria Final Order. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Complete Solaria, Inc. Dated: June 21, 2024 By: / s / Thurman J. Rodgers Thurman J. Rodgers Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR