Maxeon Solar Technologies (MAXN) has released an update.
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Maxeon Solar Technologies faces potential delisting from the Nasdaq Global Select Market after its stock price remained below $0.10 for ten consecutive days, triggering a notification from Nasdaq. To address this, the company has requested a hearing to stay the delisting and is planning to implement a reverse stock split, as approved by shareholders, to meet Nasdaq’s minimum bid price requirement. Maxeon is known for its pioneering solar technologies and has a significant global presence with a network of trusted partners and over one million customers worldwide.
For further insights into MAXN stock, check out TipRanks’ Stock Analysis page.