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C Street Advisory Group is providing strategic communications counsel to California’s SunPower Corp., which filed for Chapter 11 on August 5.
At the same time, SunPower has ironed out a $45M stalking horse asset purchase agreement with Complete Solaria for its Blue Raven Solar business, new home operations, and non-installing dealer network.
Tom Werner, executive chairman at SunPower, said Complete Solaria “will carry forward our vision to shape the future of residential solar as a pioneer in this space.”
SunPower has asked the US Bankruptcy Court (District of Delaware) to approve the assets deal by mid- to late September.
Werner is working to line up “long-term solutions for the remaining areas of our business, while maintaining our focus on supporting our valued employees, customers, dealers, builders and partners.”
Founded nearly 40 years ago, SunPower registered $1.7B in 2023 revenues and posted a $247M net loss.
ICR Westwicke is handling the $975M IPO of Atlanta-based Guardian Pharmacy Services.
Jennifer Kettnich, who was VP-investor relations at Walt Disney Co., has moved to the same position at Mattel.
Sitrick And Company represents BurgerFi International as the Fort Lauderdale casual “better burger” restaurant chain declares Chapter 11.
C Street Advisory Group handles Hoonigan as the marketer of auto enhancements and high-performance drivers’ gear declares Chapter 11.
Kekst CNC is providing media support for the Japanese owner of the 7-Eleven convenience store chain, which has rejected a $39B takeover offer by the Canadian owner of its rival Circle K network. (Updated on 12/6)
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