TCL Zhonghuan Renames Entity in Maxeon Solar Filing

TL;DR

TCL Zhonghuan just changed its name in the Maxeon Solar filing. No new shares, just a rename.

AI Summary

TCL Zhonghuan Renewable Energy Technology Co., Ltd. has filed an amendment (No. 7) to its Schedule 13D regarding Maxeon Solar Technologies, Ltd. The filing, dated July 22, 2024, indicates a change in the reporting entity's name from Zhonghuan Singapore Investment & Development Pte. Ltd. to TCL Zhonghuan Renewable Energy Technology Co., Ltd. This amendment does not appear to disclose new shareholdings or significant changes in control.

Why It Matters

This filing signifies a corporate name change for a significant shareholder of Maxeon Solar, which could impact how investors track the entity's relationship with the company.

Risk Assessment

Risk Level: low — The filing is an amendment primarily for a name change of the reporting entity, not a disclosure of new share acquisitions or changes in beneficial ownership.

Key Players & Entities

• TCL Zhonghuan Renewable Energy Technology Co., Ltd. (company) — Reporting entity
• Maxeon Solar Technologies, Ltd. (company) — Subject company
• Zhonghuan Singapore Investment & Development Pte. Ltd. (company) — Former name of reporting entity

FAQ

Key Financial Figures

• $1,152,593 — ares for an aggregate exercise price of $1,152,593. TZS exercised the TZS Warrant to maint

Filing Documents

• ef20032760_sc13da.htm (SC 13D/A) — 72KB
• 0001140361-24-033663.txt ( ) — 74KB

of the Schedule 13D is hereby supplemented by adding the following

Item 3 of the Schedule 13D is hereby supplemented by adding the following: On July 10, 2024 and July 18, 2024, pursuant to the previously disclosed Warrant issued to TZS on June 20, 2024 (the " TZS Warrant "), TZS exercised its TZS Warrant to purchase from the Issuer a total of 115,259,298 Ordinary Shares for an aggregate exercise price of $1,152,593. TZS exercised the TZS Warrant to maintain its 23.53% ownership percentage in the Issuer upon an increase in the number of outstanding Ordinary Shares after the filing of Amendment No. 6 resulting from voluntary conversions by holders of certain of the Issuer's Convertible Second Lien Senior Secured Notes due 2028 (the " 2L Notes ") into Ordinary Shares. The source of funds used for TZS's exercise of the TZS Warrant was funds of TZS Parent and its affiliates available for investment. Item 4. Purpose of Transaction.

of the Schedule 13D is hereby supplemented by adding the following

Item 4 of the Schedule 13D is hereby supplemented by adding the following: On July 10, 2024 and July 18, 2024, TZS exercised the TZS Warrant to purchase from the Issuer a total of 115,259,298 Ordinary Shares. Other than as described in Item 4 of this Amendment No.7 or as previously reported in the Schedule 13D, the Reporting Persons do not currently have any plans or proposals that relate to, or would result in, any of the actions described in Item 4 of Schedule 13D, although, subject to the Shareholders Agreement and depending on the factors discussed herein, the Reporting Persons, at any time and from time to time, may review, reconsider and/or change their position or purpose or formulate different plans or proposals with respect thereto and, at any time and from time to time, may seek to influence the Board or management of the Issuer with respect to the business and affairs of the Issuer and may from time to time consider pursuing or proposing such matters with advisors, the Issuer or other persons. Item 5. Interest in Securities of the Issuer.

of the Schedule 13D is hereby amended and restated as follows

Item 5 of the Schedule 13D is hereby amended and restated as follows: (a) – (b) The responses of the Reporting Persons to Rows 7 through 13 of the cover pages of this Amendment No. 7 are incorporated herein by reference. As of the date hereof, TZS is the direct owner of and may be deemed to have shared voting and dispositive power with respect to, and TZS Parent may be deemed to beneficially own and have shared voting and dispositive power with respect to, 128,365,751 Ordinary Shares held by TZS (including the Ordinary Shares acquired by TZS upon exercise to date of the TZS Warrant as described herein), representing in the aggregate approximately 23.53% of the outstanding Ordinary Shares (such percentage is based on 545,598,644 Ordinary Shares outstanding as of July 19, 2024, according to information provided by the Issuer to the Reporting Persons as of the date hereof (including the Ordinary Shares being issued to TZS as a result of TZS's exercise of the TZS Warrant on July 10, 2024 and July 18, 2024). (c) On July 10, 2024, TZS exercised the TZS Warrant to purchase from the Issuer a total of 34,177,425 Ordinary Shares. On July 18, 2024, TZS exercised the TZS Warrant to purchase from the Issuer a total of 81,081,873 Ordinary Shares. (d) Not applicable. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

of the Schedule 13D is hereby supplemented by adding the following

Item 6 of the Schedule 13D is hereby supplemented by adding the following:

of this Amendment No. 7 is incorporated herein by reference

Item 4 of this Amendment No. 7 is incorporated herein by reference.

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 22, 2024 TCL Zhonghuan Renewable Energy Technology Co., Ltd. By: /s/ Zhang Changxu Name: Zhang Changxu Title: Authorized Signatory Zhonghuan Singapore Investment and Development Pte. Ltd. By: /s/ Qin Shilong Name: Qin Shilong Title: Authorized Signatory

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View this SC 13D/A filing on SEC EDGAR