RICHMOND, Calif., Feb. 29,
2024 /PRNewswire/ -- SunPower Corp.
(NASDAQ:SPWR), (the "Company" or "SunPower"), a leading residential
solar technology and energy services provider, today announced that
it filed a Form 12b-25 with the Securities and Exchange Commission
to provide notice of the delayed filing of its Annual Report on
Form 10-K ("Form 10-K") for the fiscal year ended December 31,
2023. SunPower requires additional time to complete its financial
statements included in the Company's Form 10-K. This is due the
time and effort that was required to complete restatements of the
Company's prior period financial statements, which were filed with
the SEC on December 18, 2023.
Filing a Form 12b-25 will provide the Company with an automatic
extension of fifteen additional calendar days to file the Form
10-K, which is due on February 29,
2024. SunPower expects to file the Form 10-K as soon as
practicable.
About SunPower
SunPower (NASDAQ: SPWR) is a leading
residential solar, storage and energy services provider in
North America. SunPower offers
solar + storage solutions that give customers control over
electricity consumption and resiliency during power outages while
providing cost savings to homeowners. For more information, visit
www.sunpower.com.
Forward Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
All statements, other than statements of historical fact, are
forward-looking statements, including, without limitation,
statements regarding the anticipated timing of the filing of the
Form 10-K. These forward-looking statements are based on our
current assumptions, expectations, and beliefs and involve
substantial risks and uncertainties that may cause results,
performance, or achievement to materially differ from those
expressed or implied by these forward-looking statements. Factors
that could cause or contribute to such differences include, but are
not limited to, the finalization of the Company's financial
statements for the period ended December 31,
2023, and the risks and other important factors discussed
under the caption "Risk Factors" in the Company's Annual Report on
Form 10-K/A filed with the SEC on December
18, 2023, and the Company's other filings with the SEC. All
forward-looking statements in this press release are based on
information currently available to us and speak only as of the date
of this press release. The Company assumes no obligation to, and
expressly disclaims any responsibility to, update or alter these
forward-looking statements, whether as a result of new information,
future events, or otherwise, except as required by applicable law.
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SOURCE SunPower Corp.