Maxeon Solar Technologies Files 6-K Report

TL;DR

Maxeon Solar (MAXN) filed a 6-K, standard foreign issuer report. Nothing major disclosed.

AI Summary

Maxeon Solar Technologies, Ltd. filed a Form 6-K on December 2, 2024. The filing is a report of a 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 updates for investors and regulatory bodies regarding Maxeon Solar Technologies' status as a foreign private issuer.

Risk Assessment

Risk Level: low — This is a routine filing for a foreign private issuer and does not appear to contain significant new financial or operational information.

Key Players & Entities

• Maxeon Solar Technologies, Ltd. (company) — Filer of the report
• 001-39368 (dollar_amount) — Commission File Number
• 20241202 (date) — Filing date

FAQ

From the Filing

0001796898-24-000091.txt : 20241202 0001796898-24-000091.hdr.sgml : 20241202 20241202063203 ACCESSION NUMBER: 0001796898-24-000091 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20241202 FILED AS OF DATE: 20241202 DATE AS OF CHANGE: 20241202 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: 241517383 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-kcfius.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: December 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): ☐ Introductory Note Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) (the “Company”) and certain of its subsidiaries, together with TCL Zhonghuan Renewable Energy Technology Co. Ltd. (“TZE”) and its subsidiary, Zhonghuan Singapore Investment and Development Pte. Ltd. (“Zhonghuan Singapore”) filed a joint voluntary notice with the Committee on Foreign Investment in the United States (“CFIUS”) in connection with TZE’s planned indirect investment into the Company as previously announced in the Form 6-K filed with the Securities and Exchange Commission on June 21, 2024. Following CFIUS’ review and execution of a national security agreement as described below, CFIUS determined that there are no unresolved national security issues associated with the indirect investment by TZE into the Company. Recently, the Company and TZE entered into a National Security Agreement (“NSA”) with the Department of Defense, Department of Energy and Department of the Treasury as monitoring agencies on behalf of CFIUS, pursuant to which the Company will be subject to compliance with certain conditions, including certain notification and annual reporting requirements, as well as limitations on the acquisition of property interests. Subsequent to the execution of the NSA, the Company is reassessing its options to purchase a greenfield site in Albuquerque, New Mexico. As previously announced, the Company is undertaking a broad strategic restructuring of its business portfolio and geographic market focus and it has executed a five-year lease on a brownfield site with an existing building in Albuquerque, New Mexico and plans to begin solar panel manufacturing in this 2 GW capacity facility in early 2026. Incorporation by Reference The information contained in this report is hereby incorporated by reference into the Company’s registration statements on Form F-3 (File No. 333-248564), Form F-3 (File No. 333-265253), Form F-3 (File No. 33