SunPower Announces Inducement Grants to Key Employees Following Ambia Acquisition

SunPower Inc. has announced inducement grants to two key employees of Ambia Energy following its acquisition. The grants consist of time-based restricted stock units for a total of 2.0 million shares of SunPower common stock. The RSUs vest in equal monthly installments over five years and are subject to accelerated vesting if the employee's employment is terminated by SunPower without cause. These grants were approved by SunPower's board of directors and were made outside of the company's 2023 Equity Incentive Plan.