Maxeon Solar Enters Forward Purchase Agreement

TL;DR

MAXN inked a forward purchase deal with Zhonghuan Singapore on June 14th.

AI Summary

On June 14, 2024, Maxeon Solar Technologies, Ltd. entered into a Forward Purchase Agreement with Zhonghuan Singapore Investment and Development Pte. Ltd. This agreement is a report of a foreign private issuer filed on Form 6-K.

Why It Matters

This filing indicates a new financial arrangement for Maxeon Solar Technologies, potentially impacting its future funding and operations.

Risk Assessment

Risk Level: medium — Forward purchase agreements can introduce financial commitments and dependencies that carry inherent risks.

Key Players & Entities

• Maxeon Solar Technologies, Ltd. (company) — Registrant
• Zhonghuan Singapore Investment and Development Pte. Ltd. (company) — Counterparty to Forward Purchase Agreement
• June 14, 2024 (date) — Date of Forward Purchase Agreement

FAQ

Key Financial Figures

• $100 million — quo;) at an aggregate purchase price of $100 million (the “ Forward Purchase Investmen
• $0.01 — exercise price which initially will be $0.01 per share, (ii) solely to the extent ex

Filing Documents

• ea0207808-6k_maxeon.htm (6-K) — 24KB
• ea020780801ex99-1_maxeon.htm (EX-99.1) — 180KB
• 0001213900-24-053106.txt ( ) — 205KB

Forward-Looking Statements

Forward-Looking Statements This current report on Form 6-K contains “forward-looking 1934, as amended (the “ Exchange Act ”), including but not limited to, statements regarding the Company’s anticipated use of the net proceeds from the Issuance. The forward-looking statements can be also identified by terminology such as “may,” “might,” “could,” “will,” “aims,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. These forward-looking statements are based on our current assumptions, expectations and beliefs and involve substantial risks and uncertainties that may cause results, performance or achievement to materially differ from those expressed or implied by these forward-looking statements. These statements are not guarantees of future performance and are subject to a number of risks. The reader should not place undue reliance on these forward-looking statements, as there can be no assurances that the plans, initiatives or expectations upon which they are based will occur. A detailed discussion of factors that could cause or contribute to such differences and other risks that affect our business is included in filings we make with the Commission from time to time, including our most recent report on Form 20-F, particularly under the heading “Risk Factors”. Copies of these filings are available online from the SEC at www.sec.gov, or on the SEC Filings section of our Investor Relations website at https://corp.maxeon.com/investor-relations. All forward-looking statements in this current report on Form 6-K are based on information currently available to us, and we assume no obligation to update these forward-looking

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. MAXEON SOLAR TECHNOLOGIES, LTD. (Registrant) Date: June 17, 2024 By: /s/ Kai Strohbecke Name: Kai Strohbecke Title: Chief Financial Officer 3

View Full Filing

View this 6-K filing on SEC EDGAR