Court installs interim judicial managers over Maxeon Solar (NASDAQ: MAXN)

Rhea-AI Filing Summary

Maxeon Solar Technologies, Ltd. has been placed under interim judicial management by order of the High Court of Singapore, effective April 9, 2026. Two Deloitte Singapore partners, Tan Wei Cheong and Lim Loo Khoon, have been appointed as joint and several interim judicial managers over Maxeon and its key subsidiary.

The court ordered that the Interim Judicial Managers now control the companies’ affairs, business and property, with the powers of directors and officers ceasing during this period. Acting under Singapore’s Insolvency, Restructuring and Dissolution Act 2018, they may take custody of assets, operate bank accounts, pay or adjust employee obligations, handle taxes and operating expenses, and manage subsidiaries. They state they are working with existing management to stabilize operations and will provide further updates when there are material developments.

Positive

• None.

Negative

• Maxeon Solar Technologies and a key subsidiary have entered court-ordered interim judicial management, transferring control from directors to insolvency specialists under Singapore’s Insolvency, Restructuring and Dissolution Act 2018 and highlighting serious financial distress.

Insights

Distressed credit and restructuring analyst

Court-ordered interim judicial management signals acute financial distress at Maxeon.

The move to place Maxeon Solar Technologies and its subsidiary under interim judicial management is a formal insolvency-related step under Singapore’s Insolvency, Restructuring and Dissolution Act 2018. Control transfers from the board to court-appointed Interim Judicial Managers from Deloitte.

This structure allows the Interim Judicial Managers to run day-to-day operations, safeguard assets, and decide on paying salaries, taxes, and other expenses to keep the companies as going concerns. They may also renegotiate or terminate employment contracts and manage subsidiaries, giving them broad latitude to reshape obligations.

The filing notes that the Interim Judicial Managers are working with existing management to stabilize business and operations and intend to release further announcements on material developments. Actual outcomes for creditors and shareholders will depend on subsequent court decisions on full judicial management and any restructuring proposals disclosed in later updates.

Key Terms

interim judicial management, Insolvency, Restructuring and Dissolution Act 2018, judicial managers, going concerns

4 terms

interim judicial management financial

"Maxeon has been placed under the interim judicial management of interim judicial managers"

Insolvency, Restructuring and Dissolution Act 2018 regulatory

"powers and entitlements of judicial managers conferred by Singapore's Insolvency, Restructuring and Dissolution Act 2018"

judicial managers financial

"empowered and authorized to exercise all powers and entitlements of judicial managers"

going concerns financial

"operational expenses incurred in the usual course of business in order to maintain the Companies as going concerns"

FAQ

What did Maxeon Solar Technologies (MAXN) announce in this 6-K filing?

Maxeon Solar Technologies announced that it and its subsidiary Maxeon Solar Pte. Ltd. were placed under interim judicial management by Singapore’s High Court, with two Deloitte partners appointed as joint and several Interim Judicial Managers to take control of the companies’ affairs and operations.

What is interim judicial management for Maxeon Solar Technologies (MAXN)?

Interim judicial management is a court-ordered process where independent Interim Judicial Managers temporarily take over a company’s affairs, business and property. For Maxeon, it shifts control from directors to court-appointed professionals under Singapore’s Insolvency, Restructuring and Dissolution Act 2018 while longer-term judicial management is considered.

Who are the Interim Judicial Managers appointed over Maxeon Solar Technologies (MAXN)?

The court appointed Mr. Tan Wei Cheong and Mr. Lim Loo Khoon of Deloitte Singapore SR&T Restructuring Services Pte. Ltd. as joint and several Interim Judicial Managers. They may exercise the powers of judicial managers and company directors to manage Maxeon and its subsidiary during the interim period.

What happens to Maxeon Solar Technologies’ directors and officers under interim judicial management?

The filing states that the powers of Maxeon’s directors and officers cease while the interim judicial management order is in effect. During this period, the Interim Judicial Managers control the companies’ affairs, with discretion to delegate specific management duties back to the existing management teams if they choose.

How will the Interim Judicial Managers operate Maxeon Solar Technologies (MAXN) day-to-day?

The Interim Judicial Managers may take custody of assets, open and operate bank accounts, pay outstanding salaries and related contributions, manage employment contracts, and pay taxes, rent and other operating expenses. These actions are intended to maintain Maxeon and its subsidiary as going concerns during the interim period.

Will there be further updates on Maxeon Solar Technologies’ restructuring process?

Yes. The Interim Judicial Managers state they are working closely with Maxeon’s management to stabilize business and operations. They indicate that further announcements will be released whenever there are material developments relating to the company, including progress on judicial management applications or restructuring steps.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 6-K: How Foreign Companies Report to the SEC →

Accepted by SEC EDGAR 04/10/2026 - 06:31 AM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16b n

of the Securities Exchange Act of 1934

Date of Report: April 2026

Commission File Number: 001-39368

MAXEON SOLAR TECHNOLOGIES, LTD.

(Under Interim Judicial Management)

(Exact Name of registrant as specified in its charter)

38 Beach Road #23-11

South Beach Tower

Singapore 189767

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule :

101(b)(7): ☐

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

Appointment of Interim Judicial Managers

Singapore – April 10, 2026: Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) (“Maxeon”) announced that together with its subsidiary, Maxeon Solar Pte. Ltd. (collectively, the “Companies”) on April 9, 2026, Maxeon has been placed under the interim judicial management of interim judicial managers, pursuant to an order made by the General Division of the High Court of the Republic of Singapore (the “Court”), a sealed copy of which was issued on April 9, 2026. Mr. Tan Wei Cheong and Mr. Lim Loo Khoon of Deloitte Singapore SR&T Restructuring Services Pte. Ltd. have been appointed as the Companies’ joint and several interim judicial mangers (the “Interim Judicial Managers”), pending the court’s determination of the Companies’ applications to be placed under judicial management.

The Court also ordered that the affairs, business and property of the Companies shall be managed by the Interim Judicial Managers during the period in which the order for the appointment of the Interim Judicial Managers is in effect.

The Interim Judicial Managers are empowered and authorized to exercise all powers and entitlements of judicial managers conferred by Singapore's Insolvency, Restructuring and Dissolution Act 2018 ("IRDA") (including the First Schedule of the IRDA) and all powers and entitlements of directors of the Companies conferred by the constitution of the Companies, or any other applicable law in force. At the same time, the powers of the directors and officers of the Companies will cease and the Companies will be managed by the Interim Judicial Managers. The Interim Judicial Managers have discretion to delegate management duties to the Companies’ management teams prior to being placed under the interim judicial management.

Without prejudice to the generality of the paragraph above, the Interim Judicial Managers are authorized to:

(a)take into custody or under their control and collect, get in and receive all assets, properties, things in actions, effects of business, monies, stock in trade, securities, deeds, books, documents and papers of or in the name of the Companies (whether solely or otherwise) and to which the Companies are or appear to be entitled;

(b)open, operate and close one or more separate bank account(s) and that the signatories to the account(s) be the Interim Judicial Managers and/or such other persons as may be nominated by the Interim Judicial Managers;

(c)pay all the outstanding salaries of all the employees of the Companies (including the requisite employer’s Central Provident Fund contributions, or its equivalent, and all reimbursements for expenses);

(d)continue, renegotiate or terminate the employment contracts of the Companies' employees as the Interim Judicial Managers deem fit;

(e)pay all outstanding taxes, rental and all other operational expenses incurred in the usual course of business in order to maintain the Companies as going concerns;

(f)be remunerated from the assets of the Companies; and

(g)pass such resolutions of the Companies as are required to take control of the Companies' assets including but not limited to, the Companies' subsidiaries and associated companies.

Update from Interim Judicial Managers

The Interim Judicial Managers are working closely with the management of the Companies to take immediate steps to stabilize the business and operations of the Companies and their subsidiaries. The Interim Judicial Managers will release further announcements as and when there are material developments in relation to the company.

_____________________________________________________________________________________________

Incorporation by Reference

The information contained in this report is hereby incorporated by reference into the MSTL’s registration statements on Form F-3 (File No. 333-268309), Form S-8 (File No. 333-241709), Form S-8 (File No. 333-277501), Form S-8 (File No. 333-283187), and Form S-8 ( File No. 333-290336) each filed with the Securities and Exchange Commission (the “SEC).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

MAXEON SOLAR TECHNOLOGIES, LTD. (Under Interim Judicial Management) (Registrant)

April 10, 2026

By:

/s/ Tan Wei Cheong

Tan Wei Cheong

Joint and Several Interim Judicial Manager