$Maxeon Solar Technologies (MAXN.US)$ To address this, we re...
$Maxeon Solar Technologies (MAXN.US)$ To address this, we recently negotiated commitments for significant
liquidity support from our largest shareholder TZE and we successfully
restructured our 2025 convertible bonds with the majority of the debt
expected to be converted into equity later this year. Unfortunately,
these transactions will require the issuance of a large number of new
shares resulting in substantial dilution to existing shareholders.
liquidity support from our largest shareholder TZE and we successfully
restructured our 2025 convertible bonds with the majority of the debt
expected to be converted into equity later this year. Unfortunately,
these transactions will require the issuance of a large number of new
shares resulting in substantial dilution to existing shareholders.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
WS_gains : Like how many shares?
71875031 OP : yea, don't know.
just quoting from the first paragraph of the Q4 CC transcript.
https://seekingalpha.com/article/4696497-maxeon-solar-technologies-ltd-maxn-q1-2024-earnings-call-transcript