SunPower Increases Equity Line of Credit to $55 Million.

SunPower Inc. has amended its Equity Line of Credit (ELOC) with White Lion Capital LLC, increasing the commitment level from $30 million to $55 million. This financial vehicle allows SunPower to draw down shares at its discretion, minimizing shareholder dilution. The move is part of the company's commitment to maintaining a minimum cash balance of at least $50 million.