SunPower Receives Notice of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q Filed on November 24, 2025

Rhea-AI Summary

SunPower (Nasdaq: SPWR) received a deficiency notice from Nasdaq Listing Qualifications on Nov 19, 2025 for failing to timely file its Q3 Form 10-Q for the quarter ended Sept 28, 2025. The company filed a Form 12b-25 on Nov 12, 2025 explaining the delay to allow more time to compile certain information. Under Nasdaq rules, the company has 60 calendar days from the notice to submit a plan to regain compliance. SunPower anticipates filing the Q3 Form 10-Q during the week of Nov 24, 2025.

Positive

• Form 12b-25 filed on Nov 12, 2025
• Company anticipates filing Q3 Form 10-Q during week of Nov 24, 2025
• 60-day window to submit Nasdaq compliance plan

Negative

• Received Nasdaq deficiency notice on Nov 19, 2025
• Did not timely file Q3 Form 10-Q for quarter ended Sept 28, 2025
• Deemed noncompliant with Nasdaq Listing Rule 5250(c)(1)

OREM, Utah, Nov. 24, 2025 (GLOBE NEWSWIRE) -- SunPower Inc. (Nasdaq: SPWR) today announced that it received a deficiency notification letter from the Listing Qualifications staff of The Nasdaq Stock Market LLC (“Nasdaq”) on November 19, 2025 (the "Notice"). The Notice indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) because it did not timely file its Quarterly Report on Form 10-Q for the quarter ended September 28, 2025 (the “Q3 Form 10-Q”). The Listing Rules require Nasdaq-listed companies to timely file all required periodic reports with the SEC. In accordance with Nasdaq’s listing rules, the Company has 60 calendar days after the Notice to submit a plan to regain compliance with the Listing Rule. 

The Company's Form 12b-25 notice (the “Form 12b-25”) filed with the Securities and Exchange Commission (the "SEC") on November 12, 2025 stated that the Q3 Form 10-Q was delayed because the Company required more time to compile and process certain information for inclusion in the Q3 Form 10-Q. The Company anticipates filing the Q3 Form 10-Q during the week of November 24, 2025.

About the Company
The Company is a leading residential solar services provider in North America. The Company’s digital platform and installation services support energy needs for customers wishing to make the transition to a more energy-efficient lifestyle. For more information visit www.sunpower.com.

Company Contacts:
Sioban Hickie
VP Investor Relations
IR@sunpower.com
(801) 477-5847

Source: SunPower

FAQ

Why did SunPower (SPWR) receive a Nasdaq deficiency notice on Nov 19, 2025?

Nasdaq notified SunPower for not timely filing its Q3 Form 10-Q for the quarter ended Sept 28, 2025, citing Listing Rule 5250(c)(1).

When does SunPower (SPWR) expect to file the delayed Q3 Form 10-Q?

The company anticipates filing the Q3 Form 10-Q during the week of Nov 24, 2025.

What action did SunPower (SPWR) take to explain the filing delay before the Nasdaq notice?

SunPower filed a Form 12b-25 on Nov 12, 2025 stating it needed more time to compile certain information for the Q3 Form 10-Q.

How long does SunPower (SPWR) have to regain Nasdaq compliance after the Nov 19, 2025 notice?

Under Nasdaq rules the company has 60 calendar days from the notice to submit a plan to regain compliance.

Which Nasdaq rule did SunPower (SPWR) reportedly not comply with?

Nasdaq cited noncompliance with Listing Rule 5250(c)(1), which requires timely filing of periodic reports with the SEC.

Will SunPower (SPWR) disclose when it submits the Q3 Form 10-Q after filing?

The company indicated it anticipates filing during the week of Nov 24, 2025; any formal filing will be posted with the SEC when submitted.