Maxeon Solar Technologies (MAXN) has released an update.
Maxeon Solar Technologies, Ltd. has announced the exchange of its Tranche A Exchange Notes into Ordinary Shares, set to occur on September 9, 2024. The company has determined the exchange conditions and conversion rates based on regulatory approvals and market values as stipulated in the Exchange Notes Indenture. This strategic financial maneuver is aimed at optimizing the company’s capital structure and is expected to be of interest to shareholders and potential investors.
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