TotalEnergies Amends Maxeon Solar Stake Filing
Ticker: MAXN · Form: SC 13D/A · Filed: Jul 15, 2024 · CIK: 1796898
| Field | Detail |
|---|---|
| Company | Maxeon Solar Technologies, Ltd. (MAXN) |
| Form Type | SC 13D/A |
| Filed Date | Jul 15, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 8 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: amendment, shareholder-filing, solar-energy
Related Tickers: MAXN
TL;DR
TotalEnergies updated its filing on Maxeon Solar. Keep an eye on this.
AI Summary
On July 15, 2024, TotalEnergies SE filed an SC 13D/A amendment regarding its holdings in Maxeon Solar Technologies, Ltd. The filing indicates a change in the reporting person's beneficial ownership, though specific new percentages or dollar amounts are not detailed in this excerpt. This amendment is an update to previous filings concerning TotalEnergies' stake in the solar technology company.
Why It Matters
This filing signals a potential shift in TotalEnergies' investment strategy or reporting obligations concerning its stake in Maxeon Solar Technologies, a key player in the solar energy sector.
Risk Assessment
Risk Level: medium — Changes in major shareholder filings can indicate shifts in strategic direction or potential future actions that could impact the company's stock price.
Key Players & Entities
- TotalEnergies SE (company) — Reporting Person
- 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
What specific change in beneficial ownership is being reported by TotalEnergies SE for Maxeon Solar Technologies, Ltd.?
The provided filing excerpt indicates a change in the reporting person's beneficial ownership but does not specify the exact percentage or number of shares acquired or disposed of.
When was this SC 13D/A amendment filed?
The amendment was filed on July 15, 2024.
What is the primary business of Maxeon Solar Technologies, Ltd.?
Maxeon Solar Technologies, Ltd. is in the Semiconductors & Related Devices industry, SIC code 3674.
What is the business address of TotalEnergies SE?
The business address for TotalEnergies SE is 2 PLACE JEAN MILLIER, LA DEFENSE 6, COURBEVOIE, I0, 92400.
Has Maxeon Solar Technologies, Ltd. undergone a name change previously?
Yes, Maxeon Solar Technologies, Ltd. was formerly known as Maxeon Solar Technologies, Pte. Ltd., with a name change date of December 13, 2019.
Filing Stats: 1,902 words · 8 min read · ~6 pages · Grade level 15.3 · Accepted 2024-07-15 21:45:07
Filing Documents
- tm2419453d1_sc13da.htm (SC 13D/A) — 71KB
- 0001104659-24-079970.txt ( ) — 73KB
Identity and Background
Item 2.Identity and Background. This Amendment No. 4 amends and restates Items 2(d) and 2(e) of the Amended Filing as set forth below: During the last five years, none of the Reporting Persons nor, to the best of the Reporting Persons' knowledge, any of their respective directors or executive officers (i) have been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) were parties to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding were or are subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. - 5 -
Interest in Securities of
Item 5. Interest in Securities of the Issuer. This Amendment No. 4 amends and restates Items 5(a), 5(b) and 5(e) 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. 4 is incorporated herein by reference into this Item 5. (e) As of the date hereof, the following Reporting Persons ceased to beneficially own more than five percent of the Ordinary Shares. This Amendment No. 4 constitutes an exit filing for such Reporting Persons: (1) TotalEnergies Gaz & Electricité Holdings SAS, a French société par actions simplifiée, (2) TotalEnergies Solar INTL SAS, a French société par actions simplifiée, and (3) TotalEnergies Marketing Services SAS, a French société par actions simplifiée. - 6 -
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 15, 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 - 7 -