SunPower files for bankruptcy, to sell some $45 million assets via stalking horse bid
) said on Monday it filed for Chapter 11 bankruptcy in the United States and entered into a 'stalking horse' agreement with Complete Solaria to sell some of its business for $45 million in cash.
Additionally, SunPower said it intends to continue a sale process for its remaining assets. The California-headquartered company said that following the sale process it plans to liquidate any remaining assets and undergo an efficient wind down of its operations.
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