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Maxeon Solar Technologies, Ltd. (Under Judicial Management) reports that Nasdaq staff has identified additional, separate bases to delist its securities from The Nasdaq Global Market. The company’s shares were already suspended from Nasdaq and moved to the over-the-counter market on May 1, 2026.
Nasdaq staff now cites the absence of independent board members on Maxeon’s Audit Committee, for which no cure period applies and for which the company is ineligible to submit a compliance plan under Listing Rule 5810(c)(2)(a). Staff also notes that Maxeon has not filed its Form 20-F for the period ended December 31, 2025, breaching continued listing requirements and again leaving it ineligible to submit a compliance plan.
The notice will be considered by a Nasdaq Hearings Panel in deciding whether Maxeon can retain its Nasdaq listing, following the company’s previously requested appeal hearing scheduled for June 4, 2026.
Maxeon Solar Technologies, Ltd. (Under Judicial Management) reports that Nasdaq staff has identified additional, separate bases to delist its securities from The Nasdaq Global Market. The company’s shares were already suspended from Nasdaq and moved to the over-the-counter market on May 1, 2026.
Nasdaq staff now cites the absence of independent board members on Maxeon’s Audit Committee, for which no cure period applies and for which the company is ineligible to submit a compliance plan under Listing Rule 5810(c)(2)(a). Staff also notes that Maxeon has not filed its Form 20-F for the period ended December 31, 2025, breaching continued listing requirements and again leaving it ineligible to submit a compliance plan.
The notice will be considered by a Nasdaq Hearings Panel in deciding whether Maxeon can retain its Nasdaq listing, following the company’s previously requested appeal hearing scheduled for June 4, 2026.
Maxeon Solar Technologies, Ltd. (Under Judicial Management) signed an IP license that generated a US$8 million cash fee and confirmed its placement under full judicial management in Singapore. Its subsidiary Maxeon Solar Pte. Ltd. granted Zhonghuan Hong Kong Holding Limited a non-exclusive, worldwide license over existing patents and trade secrets, with the fee paid in full on May 22, 2026.
The license runs for an initial six-year term from that date and automatically renews for six-year periods unless the licensee opts out, with scope for fee adjustment at renewal. The agreement includes releases for past use of the licensed technology, as well as rights of first refusal and last look for the licensee on any future sale of the relevant IP. Separately, the High Court of Singapore ordered both Maxeon and its subsidiary into judicial management on May 29, 2026, appointing Deloitte partners as joint and several judicial managers, who are working with management to stabilize operations.
Maxeon Solar Technologies, Ltd. (Under Judicial Management) signed an IP license that generated a US$8 million cash fee and confirmed its placement under full judicial management in Singapore. Its subsidiary Maxeon Solar Pte. Ltd. granted Zhonghuan Hong Kong Holding Limited a non-exclusive, worldwide license over existing patents and trade secrets, with the fee paid in full on May 22, 2026.
The license runs for an initial six-year term from that date and automatically renews for six-year periods unless the licensee opts out, with scope for fee adjustment at renewal. The agreement includes releases for past use of the licensed technology, as well as rights of first refusal and last look for the licensee on any future sale of the relevant IP. Separately, the High Court of Singapore ordered both Maxeon and its subsidiary into judicial management on May 29, 2026, appointing Deloitte partners as joint and several judicial managers, who are working with management to stabilize operations.