TotalEnergies Amends Maxeon Solar Stake Filing

TL;DR

TotalEnergies updated its filing on Maxeon Solar. Keep an eye on this.

AI Summary

On July 9, 2024, TotalEnergies SE filed an amendment to its Schedule 13D, reporting a change in its beneficial ownership of Maxeon Solar Technologies, Ltd. The filing indicates a shift in holdings related to the company's securities.

Why It Matters

This filing provides insight into the evolving stake of a major energy company in a solar technology firm, potentially signaling strategic shifts or investment adjustments.

Risk Assessment

Risk Level: medium — Changes in major shareholder filings can indicate shifts in strategy or potential future actions that could impact the stock price.

Key Players & Entities

• TotalEnergies SE (company) — Filing entity
• Maxeon Solar Technologies, Ltd. (company) — Subject company
• TOTALENERGIES GAZ & ELECTRICITE HOLDINGS SAS (company) — Group member
• TOTALENERGIES MARKETING SERVICES SAS (company) — Group member
• TOTALENERGIES SOLAR INTL SAS (company) — Group member

FAQ

Key Financial Figures

• $16,203,395 — ould be issuable upon the conversion of $16,203,395 aggregate principal amount of the Issue

Filing Documents

• tm2419003d1_sc13da.htm (SC 13D/A) — 112KB
• 0001104659-24-078551.txt ( ) — 115KB

of this Amendment No. 3, which is incorporated herein by reference into this Item 4

Item 3 of this Amendment No. 3, which is incorporated herein by reference into this Item 4. Other than as described in Item 3 of this Amendment No. 3 or as previously reported in the Amended Filing, the Reporting Persons do not currently have any plans or proposals that relate to, or would result in, any of the matters listed in Item 4(a)-(j) of Schedule 13D. Item 5. Interest in Securities of the Issuer. This Amendment No. 3 amends and restates Items 5(a), 5(b) and 5(c) of the Amended Filing as set forth below: (a) and (b) The information set forth in rows 7 through 13 (and related footnotes) of each of the cover pages for each Reporting Person of this Amendment No. 3 is incorporated herein by reference into this Item 5. (c) On July 5, 2024, TEMS, a wholly-owned subsidiary of TotalEnergies SE, acquired the Notes, which are convertible into Ordinary Shares at any time at the sole discretion of TEMS, as described under Item 3 herein. No transactions involving Ordinary Shares were effected during the past sixty days. - 6 - Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. This Amendment No. 3 amends Item 6 of the Amended Filing by adding to the end thereof, the disclosure set forth under Item 3 of this Amendment No. 3, which is incorporated herein by reference into this Item 6. Item 7. Material to be Filed as Exhibits

of the Amended Filing is hereby amended

Item 7 of the Amended Filing is hereby amended and supplemented by adding the following at the end thereof: Exhibit Number Description 99.1 Indenture, dated as of June 20, 2024, relating to the Adjustable-Rate Convertible Second Lien Senior Secured Notes due 2028, by and among the Issuer, the guarantors party thereto, Deutsche Bank Trust Company Americas, as trustee, DB Trustees (Hong Kong) Limited, as the collateral trustee and, solely with respect to the Philippine collateral, RCBC Trust Corporation (incorporated by reference to Exhibit 99.1 of the Issuer's Current Report on Form 6-K, filed with the SEC on June 21, 2024). 99.4 Mutual Termination Agreement, dated as of May 30, 2024, by and among the Issuer, SunPower Systems Sàrl and TotalEnergies Marketing Services (incorporated by reference to Exhibit 99.4 of the Issuer's Current Report on Form 6-K, filed with the SEC on May 30, 2024). - 7 -

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date : July 9, 2024 TOTALENERGIES SE By: /s/ Marine Delaitre Name: Marine Delaitre Title: Duly Authorized Representative TOTALENERGIES GAZ & ELECTRICITÉ HOLDINGS SAS By: /s/ Laurent Wolffsheim Name: Laurent Wolffsheim Title: President TOTALENERGIES SOLAR INTL SAS By: /s/ Vincent Stoquart Name: Vincent Stoquart Title: President TOTALENERGIES MARKETING SERVICES SAS By: /s/ Denis Toulouse Name: Denis Toulouse Title: Finance Director - 8 - SCHEDULE A TOTALENERGIES SE Name Occupation Citizenship Patrick Pouyanné Chairman and Chief Executive Officer French Helle Kristoffersen President, Asia French and Danish Stéphane Michel President, Gas, Renewables & Power French Thierry Pflimlin President, Marketing & Services French Bernard Pinatel President, Refining & Chemicals French Jean-Pierre Sbraire Chief Financial Officer French Namita Shah President, OneTech French Nicolas Terraz President, Exploration & Production French Aurélien Hamelle President, Strategy & Sustainability French Jacques Aschenbroich Director French Anelise Quintão Lara Director French Marie-Christine Coisne-Roquette Lead Independent Director French Lise Croteau Director Canadian Mark Cutifani Director Australian Emma de Jonge Director representing employee shareholders French Romain Garcia-Ivaldi Director representing employees French Maria van der Hoeven Director Netherlands Glenn Hubbard Director American Marie-Ange Debon Director French Jean Lemierre Director French Dirk Paskert Director German Angel Pobo Director representing employees French - 9 - TOTALENERGIES GAZ & ELECTRICITE HOLDINGS SAS Laurent Wolffshei

View Full Filing

View this SC 13D/A filing on SEC EDGAR