Maxeon Solar Technologies Files 6-K Report

Ticker: MAXN · Form: 6-K · Filed: 2024-10-07T00:00:00.000Z

Sentiment: neutral

Topics: 6-K, foreign-private-issuer, sec-filing

Related Tickers: MAXN

TL;DR

Maxeon Solar (MAXN) filed a 6-K, confirming 20-F annual reports and Singapore HQ.

AI Summary

Maxeon Solar Technologies, Ltd. filed a Form 6-K on October 7, 2024. The filing is a Report of Foreign Private Issuer and indicates that the company files annual reports under Form 20-F. The company's principal executive office is located in Singapore.

Why It Matters

This filing provides routine disclosure for foreign private issuers, informing investors about the company's reporting status and administrative details.

Risk Assessment

Risk Level: low — This is a routine administrative filing and does not contain material non-public information that would typically impact risk.

Key Numbers

Key Players & Entities

FAQ

What type of SEC filing is this?

This is a Form 6-K, a Report of Foreign Private Issuer.

Who is the filer of this document?

The filer is Maxeon Solar Technologies, Ltd.

What is the Commission File Number for this filing?

The Commission File Number is 001-39368.

Where is the principal executive office of Maxeon Solar Technologies, Ltd. located?

The principal executive office is located at 8 Marina Boulevard #05-02, Marina Bay Financial Centre, Singapore.

Does Maxeon Solar Technologies file annual reports under Form 20-F or 40-F?

The company indicates it files annual reports under cover of Form 20-F.

From the Filing

0001796898-24-000070.txt : 20241007 0001796898-24-000070.hdr.sgml : 20241007 20241007070727 ACCESSION NUMBER: 0001796898-24-000070 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20241007 FILED AS OF DATE: 20241007 DATE AS OF CHANGE: 20241007 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Maxeon Solar Technologies, Ltd. CENTRAL INDEX KEY: 0001796898 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: U0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39368 FILM NUMBER: 241356144 BUSINESS ADDRESS: STREET 1: 8 MARINA BOULEVARD #05-02 STREET 2: MARINA BAY FINANCIAL CENTRE CITY: MARINA BAY STATE: U0 ZIP: 018981 BUSINESS PHONE: 408.457.2302 MAIL ADDRESS: STREET 1: 8 MARINA BOULEVARD #05-02 STREET 2: MARINA BAY FINANCIAL CENTRE CITY: MARINA BAY STATE: U0 ZIP: 018981 FORMER COMPANY: FORMER CONFORMED NAME: Maxeon Solar Technologies, Pte. Ltd. DATE OF NAME CHANGE: 20191213 6-K 1 form6-krecorddate.htm 6-K Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 Date of Report: October 2024 Commission File Number: 001-39368 MAXEON SOLAR TECHNOLOGIES, LTD. (Exact Name of registrant as specified in its charter) 8 Marina Boulevard #05-02 Marina Bay Financial Centre 018981, Singapore (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☒ Form 40-F ☐ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐ Reverse Stock Split&#59; Record Date Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) (the “Company”) is reporting that its board of directors (the “Board”) has approved a reverse stock split (the “Reverse Stock Split”) of the Company’s ordinary shares, no par value (the “Ordinary Shares”), at a ratio of 1-for-100 (the “Reverse Split Ratio”). The Reverse Stock Split was approved by the Company’s shareholders at the annual general meeting held on August 29, 2024. The Company is undertaking the Reverse Stock Split with the objective of meeting the minimum $1.00 per Ordinary Share bid requirement for maintaining the listing of the Ordinary Shares on The Nasdaq Global Select Market. The Reverse Stock Split will be effective at 04:01 p.m. (ET) on Tuesday, October 8, 2024 (the “Record Date”) and the Ordinary Shares will begin trading on a split-adjusted basis when the Nasdaq Stock Market LLC opens for trading on Wednesday, October 9, 2024. The Ordinary Shares will continue to trade on The Nasdaq Global Select Market under the trading symbol “MAXN” but will trade under the following new CUSIP number: Y58473128. As a result of the Reverse Stock Split, every 100 Ordinary Shares held as of the Record Date will be automatically combined into one Ordinary Share. The number of outstanding Ordinary Shares will be reduced from approximately 1,529 million Ordinary Shares to approximately 15 million Ordinary Shares, to be adjusted for the round-down of fractional shares. No fractional shares will be created or issued in connection with the reverse stock split, and the Board has approved the aggregation and sale of all fractional shares to which holders of the existing outstanding shares would otherwise be entitled to, and the distribution of the proceeds on a pro rata basis to such holders . The Reverse Stock Split will affect all holders of Ordinary Shares uniformly and will not affect any

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