Maxeon Solar Risks Nasdaq Delisting, Plans Reverse Split

Maxeon Solar Technologies (MAXN) has released an update.

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.

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