Maxeon Receives Nasdaq Notification and Is Proceeding With Approved Reverse Stock Split
Maxeon Receives Nasdaq Notification and Is Proceeding With Approved Reverse Stock Split
SINGAPORE, Sept. 20, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) (the "Company"), a global leader in solar innovation and channels, announced that on September 17, 2024, it received a Staff Determination letter (the "Determination Letter") from the staff of the Listing Qualifications Department (the "Staff") of the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company of the Staff's determination to delist the Company's securities from The Nasdaq Global Select Market pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iii) because, as of September 16, 2024, the Company's securities had a closing bid price of $0.10 or less for ten consecutive trading days.
2024年9月20日新加坡/美通社/——中圣集团有限公司（纳斯达克：MAXN）（"公司"），一家全球领先的太阳能创新和渠道公司，宣布于2024年9月17日收到了纳斯达克股票市场有限责任公司（"纳斯达克"）上市资格部（"工作人员"）发出的停牌决定函（"决定函"），通知公司工作人员决定根据纳斯达克上市规则5810(c)(3)(A)(iii)将公司证券从纳斯达克全球精选市场摘牌，因为截至2024年9月16日，公司证券连续十个交易日的收盘买盘价为0.10美元或更低。
On September 20, the Company submitted a hearing request through the Nasdaq Listing Center, which will automatically stay any delisting action or filing of the Form 25-NSE pending such hearing in accordance with Nasdaq Listing Rule 5815(a)(1).
2024年9月20日，公司通过纳斯达克上市中心提交了听证请求，根据纳斯达克上市规则5815(a)(1)的规定，该请求将自动暂停任何摘牌行动或提交25-NSE表格的操作，直至进行听证为止。
On August 29, 2024, the shareholders of the Company at the Annual General Meeting of Shareholders approved by ordinary resolution the consolidation of every 100 existing issued ordinary shares (including treasury shares) into one ordinary share of the Company. The Company's board of directors is in the process of taking the necessary actions to implement a reverse stock split which the Company believes will bring the bid price for the Company's ordinary shares above the US$1.00 per share minimum bid price requirement as set forth by Nasdaq Listing Rule 5450(a)(1).
在2024年8月29日，公司股东在公司每年举行的股东大会上通过常规决议，同意将每100股现有已发行普通股（包括公司的法定股份）合并为一股公司的普通股。董事会正在采取必要的措施来实施股票的反向合拆，公司相信这将使公司普通股的买盘价格超过纳斯达克上市规则5450（a）（1）规定的每股至少1.00美元的最低买盘价格要求。
About Maxeon Solar Technologies
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Change. Headquartered in Singapore, Maxeon leverages over 35 years of solar energy leadership and over 1,900 patents to design innovative and sustainably made solar panels and energy solutions for residential, commercial, and power plant customers. Maxeon's integrated home energy management is a flexible ecosystem of products and services, built around the award-winning Maxeon and SunPower branded solar panels. With a network of more than 1,700 trusted partners and distributors, and more than one million customers worldwide, the Company is a global leader in solar. For more information about how Maxeon is Powering Positive Change visit us at , on LinkedIn and on Twitter/X @maxeonsolar.
关于Maxeon Solar Technologies
中圣集团（NASDAQ: MAXN）致力于推动积极变革。总部位于新加坡的中圣集团利用超过35年的太阳能领导经验和超过1900项专利来设计创新的可持续制造的太阳能电池板和能源解决方案，为住宅、商业和电站客户提供服务。中圣集团的集成家庭能源管理是一个灵活的产品和服务生态系统，围绕屡获殊荣的中圣和SunPower品牌的太阳能电池板构建而成。通过一个由超过1700个值得信赖的合作伙伴和经销商组成的网络，以及超过一百万名全球客户，该公司是太阳能行业的全球领导者。欲了解有关中圣如何推动积极变革的更多信息，请访问我们的网站，LinkedIn和Twitter/X @maxeonsolar。
SOURCE Maxeon Solar Technologies, Ltd.
转载自Maxeon Solar Technologies，Ltd的消息来源。
