Complete Solaria Files 8-K with Material Agreement Details
Ticker: SPWRW · Form: 8-K · Filed: Aug 20, 2024 · CIK: 1838987
| Field | Detail |
|---|---|
| Company | Complete Solaria, Inc. (SPWRW) |
| Form Type | 8-K |
| Filed Date | Aug 20, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $11.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, company-name-change
Related Tickers: CSLR
TL;DR
CSLR filed an 8-K on 8/20/24 for a material agreement - check it out.
AI Summary
On August 20, 2024, Complete Solaria, Inc. filed an 8-K report detailing a material definitive agreement. The filing also includes financial statements and exhibits, with the company previously known as Freedom Acquisition I Corp. until a name change on January 5, 2021.
Why It Matters
This filing indicates a significant new contract or partnership for Complete Solaria, which could impact its future revenue and operations.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, requiring further analysis of the agreement's terms.
Key Players & Entities
- Complete Solaria, Inc. (company) — Registrant
- Freedom Acquisition I Corp. (company) — Former company name
- August 20, 2024 (date) — Date of earliest event reported
- January 5, 2021 (date) — Date of name change
FAQ
What is the nature of the material definitive agreement filed by Complete Solaria, Inc.?
The 8-K filing indicates the entry into a material definitive agreement, but the specific details of the agreement are not provided in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on August 20, 2024.
What was Complete Solaria, Inc. previously known as?
Complete Solaria, Inc. was previously known as Freedom Acquisition I Corp.
On what date did the company change its name from Freedom Acquisition I Corp.?
The company changed its name from Freedom Acquisition I Corp. on January 5, 2021.
What is the SIC code for Complete Solaria, Inc.?
The Standard Industrial Classification (SIC) code for Complete Solaria, Inc. is 3674, which corresponds to SEMICONDUCTORS & RELATED DEVICES.
Filing Stats: 755 words · 3 min read · ~3 pages · Grade level 11.1 · Accepted 2024-08-20 07:30:29
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
Filing Documents
- ea0211835-8k_complete.htm (8-K) — 31KB
- ea021183501ex10-1_complete.htm (EX-10.1) — 30KB
- 0001213900-24-070909.txt ( ) — 283KB
- cslr-20240820.xsd (EX-101.SCH) — 4KB
- cslr-20240820_def.xml (EX-101.DEF) — 26KB
- cslr-20240820_lab.xml (EX-101.LAB) — 36KB
- cslr-20240820_pre.xml (EX-101.PRE) — 25KB
- ea0211835-8k_complete_htm.xml (XML) — 6KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement On August 14, 2024, Complete Solaria, Inc., a Delaware corporation (the " Company ", " we " and " us "), entered into Amendment No. 2 (" Amendment No. 2 ") to the Common Stock Purchase Agreement, originally dated July 16, 2024 (as amended, the " Purchase Agreement "), with White Lion Capital, LLC, a Nevada limited liability company (" White Lion "). Amendment No. 2 further amends the Purchase Agreement to provide that, subject to the terms and conditions of the Purchase Agreement, the Company may notify White Lion to exercise the Company's right to sell shares of its common stock by delivering an Hour Rapid Purchase Notice (as defined in Amendment No. 2). If the Company delivers an Hour Rapid Purchase Notice, the Company shall deliver to White Lion shares of common stock not to exceed the lesser of (i) five percent of the Average Daily Trading Volume (as defined in the Purchase Agreement) on the date of an Hour Rapid Purchase Notice and (ii) 100,000 shares of common stock. The closing of the transactions under an Hour Rapid Purchase Notice will occur one Business Day (as defined in the Purchase Agreement) following the date on which the Hour Rapid Purchase Notice is delivered. At such closing, White Lion will pay the Company the Hour Rapid Purchase Investment Amount (as defined in Amendment No. 2) equal to the number of shares of common stock subject to the applicable Hour Rapid Purchase Notice multiplied by the lowest traded price of the Company's common stock during the one-hour period following White Lion's consent to the acceptance of the applicable Hour Rapid Purchase Notice. The foregoing description of each of Amendment No. 2 does not purport to be complete and is subject to, and qualified in its entirety by, the full text of Amendment No. 2, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and which is incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 10.1 Amendment No. 2 to Common Stock Purchase Agreement, dated August 14, 2024, by and between the Company and White Lion. 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: August 20, 2024 By: /s/ Thurman J. Rodgers Thurman J. Rodgers Chief Executive Officer 2