Maxeon Solar Technologies to be Delisted from Nasdaq
Ticker: MAXN · Form: 6-K · Filed: Sep 20, 2024 · CIK: 1796898
| Field | Detail |
|---|---|
| Company | Maxeon Solar Technologies, Ltd. (MAXN) |
| Form Type | 6-K |
| Filed Date | Sep 20, 2024 |
| Risk Level | high |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, sec-filing, nasdaq
Related Tickers: MAXN
TL;DR
Maxeon Solar (MAXN) is getting booted from Nasdaq, filing a 6-K on 9/20/24.
AI Summary
Maxeon Solar Technologies, Ltd. filed a Form 6-K on September 20, 2024, to report a notification of its impending delisting from the Nasdaq Stock Market. The company, previously known as Maxeon Solar Technologies, Pte. Ltd., is incorporated in Singapore and its principal executive offices are located in Marina Bay. This filing indicates a significant change in the company's public trading status.
Why It Matters
This delisting signifies a major shift for Maxeon Solar Technologies, potentially impacting its access to capital and investor base, and requiring investors to consider alternative trading venues or the implications of holding shares in a non-listed company.
Risk Assessment
Risk Level: high — Delisting from a major exchange like Nasdaq typically indicates significant financial distress or non-compliance, posing substantial risks to investors.
Key Players & Entities
- Maxeon Solar Technologies, Ltd. (company) — Registrant
- Nasdaq Stock Market (company) — Exchange from which the company is being delisted
- September 20, 2024 (date) — Filing date of the Form 6-K
- Maxeon Solar Technologies, Pte. Ltd. (company) — Former company name
- 001-39368 (dollar_amount) — SEC file number
FAQ
What is the primary purpose of this Form 6-K filing?
The primary purpose of this Form 6-K filing is to provide a notification regarding the impending delisting of Maxeon Solar Technologies, Ltd. from the Nasdaq Stock Market.
When was this Form 6-K filed with the SEC?
This Form 6-K was filed with the SEC on September 20, 2024.
What was Maxeon Solar Technologies' former name?
Maxeon Solar Technologies, Ltd.'s former name was Maxeon Solar Technologies, Pte. Ltd.
Where are Maxeon Solar Technologies' principal executive offices located?
Maxeon Solar Technologies' principal executive offices are located at 8 Marina Boulevard #05-02, Marina Bay Financial Centre, 018981, Singapore.
What is the SEC file number for Maxeon Solar Technologies?
The SEC file number for Maxeon Solar Technologies is 001-39368.
Filing Stats: 307 words · 1 min read · ~1 pages · Grade level 11.6 · Accepted 2024-09-20 17:13:01
Filing Documents
- form6-knasdaqdelistingnoti.htm (6-K) — 16KB
- a20240920exhibit991.htm (EX-99.1) — 9KB
- 0001796898-24-000065.txt ( ) — 26KB
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) September 20, 2024 By s Kenneth Bryan Olson Kenneth Bryan Olson Interim Chief Financial Officer