SunPower has entered into an asset purchase agreement, with Complete Solaria serving as stalking horse buyer for the assets associated with SunPower’s Blue Raven Solar business, new homes business and non-installing dealer network.
The company and certain subsidiaries filed for Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.
Subject to court approval, Complete Solaria will acquire the assets and assume certain related liabilities in exchange for $45 million.
“For nearly 40 years, SunPower has made solar energy more accessible to Americans, driven by our mission to change the way our world is powered. We are confident Complete Solaria’s CEO, T.J. Rodgers, will carry forward our vision to shape the future of residential solar as a pioneer in this space,” says Tom Werner, executive chairman at SunPower.
“In light of the challenges SunPower has faced, the proposed transaction offers a significant opportunity for key parts of our business to continue our legacy under new ownership. We are working to secure long-term solutions for the remaining areas of our business, while maintaining our focus on supporting our valued employees, customers, dealers, builders and partners.”
Kirkland & Ellis and Richards, Layton & Finger serve as legal counsel to SunPower. Alvarez & Marsal North America is serving as transition officer and financial advisor to the company. Moelis & Company is serving as the investment banker and C Street Advisory Group serves as its strategic communications advisor.
DLA Piper and Arnold & Porter Kaye Scholer are serving as legal counsel to Complete Solaria, with Ayna.AI serving as its advisor.
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The answer to the question at hand: I’m not sure.
Yet it certainly appears that this country has completely lost its appetite for the criminal insanity of today’s Republican party. We’re tired of the lies, the hate, the indifference to human suffering, the lawlessness, and most of all the utter humiliation our formerly great country receives on the world stage on a near-daily basis.
Compensating cop-beaters for the prison time that hundreds of judges handed down may appeal to a few of the most stupid and depraved Americans, but good luck trying to sell that to sane, decent people.
We have no interest in being slapped in face every minute for another four years.
If you look this up, you’ll see that it’s correct. Eisenhower was a fierce advocate of the following:
- Infrastructure, e.g., the Federal-Aid Highway Act of 1956, creating the 41,000-mile Interstate Highway System to improve national defense and commerce
- Social Programs, Social Security, minimum wage, the Department of Health, Education, and Welfare
- Fiscal Policy, lower taxes, a balanced budget, and reduced government regulation, aiming to limit federal intervention in local affairs
- Foreign Policy, nuclear deterrence and relying on the CIA for covert operations
- Civil Rights, desegregation of the military and the armed forces, support for the Brown v. Board of Education decision
Where the Republican Party Has Gone Since Eisenhower in the 1950s
My only problem with this is the U.S. Constitution, which clearly lays out the laws by which our elections will be conducted. I.e., it’s up to each of the 50 states to make and implement their own procedures.
Obviously, conspiracy theorists, at the direction of Newsmax and their peers, are convinced that there is a significant amount of voter fraud, but the fact is that there have been only a few dozen incidents of proven fraud out of the last one billion votes cast.
Yes, we could have an amendment could be proposed and passed into law that changes all of this, but until then, I’m going to support the U.S. Constitution, which has done right by the American people since its passage in 1789.
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