SunPower Inc. has expanded its existing equity line of credit (ELOC) with White Lion Capital to $55 million, up from $30 million, providing a larger backstop to support cash‑flow needs and maintain a minimum quarterly cash balance of $10 million.
The amendment was finalized on January 11, 2026 and announced on January 13, 2026. The move follows a period of cash‑flow positive performance and record revenue in the most recent quarter, with Q3 2025 sales of $70.01 million and a net loss of $16.9 million, compared to $67.5 million and an operating income of $2.42 million in Q2 2025.
CEO T.J. Rodgers said the increased draw‑down limit is the first step in fulfilling SunPower’s commitment to shareholders to report a minimum cash balance of at least $10 million every quarter. He added that the backstop was not needed in Q4 2025 because the company was cash‑flow positive after setting revenue and operating income records.
The expansion comes after SunPower’s August 2024 Chapter 11 filing and subsequent acquisition of its assets by Complete Solaria, which rebranded as SunPower. The company has been working to rebuild profitability, and the new credit line reduces the need for future equity issuances or debt financing that could dilute shareholders or increase interest costs.
The partnership with White Lion Capital has been ongoing for roughly 18 months, and the fee structure is described by SunPower as the lowest it has encountered for this type of arrangement. The enhanced liquidity position positions the company to fund expansion, technology investments, and absorb short‑term cash‑flow volatility while pursuing its $1 billion annualized revenue target.
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