Maxeon Solar Technologies, Ltd. Schedule 13G discloses that Whitebox Advisors LLC and Whitebox General Partner LLC are each deemed to beneficially own 1,591,596 Ordinary Shares as of the date of the statement. The filing states this equals approximately 8.5% of the Ordinary Shares outstanding, reflecting inclusion of currently exercisable Warrants and prior conversions in the issuer's share base.
The report attributes the holdings to WA's clients and shows shared voting and shared dispositive power over the 1,591,596 shares. A Joint Filing Agreement dated June 26, 2026 is attached.
Positive
None.
Negative
None.
Insights
Whitebox reports an 8.5% beneficial stake including exercisable warrants.
The filing shows 1,591,596 Ordinary Shares attributed to Whitebox entities with shared voting and dispositive power. The percent calculation cites 16,932,760 shares outstanding as of June 30, 2025 and adds convertible and warrant-related shares per Rule 13d-3.
Timing and holder identity indicate holdings are client-directed; subsequent filings may clarify whether holdings change or if any Schedule 13D event occurs.
This is a passive disclosure of a >5% stake by an institutional manager.
The statement attributes ownership to WA's clients and notes inclusion of 836,000 warrants exercisable into ~552,357 Ordinary Shares for the ownership calculation. It identifies shared powers rather than sole control.
For investors, this filing signals reported passive ownership; any material change in voting/control would require amended disclosure.
Key Figures
Beneficial ownership:1,591,596 sharesPercent of class:8.5%Warrants exercisable:836,000 warrants+2 more
5 metrics
Beneficial ownership1,591,596 sharesreported as of filing date
Percent of class8.5%calculated using shares outstanding as of June 30, 2025
Warrants exercisable836,000 warrantsconvertible into ~552,357 Ordinary Shares
Shares outstanding (base used)16,932,760 sharesas of June 30, 2025 (exhibit 99.1 cited)
Beneficial ownership earlier date1,693,253 sharesas of June 15, 2026 (prior reported calculation)
Key Terms
Warrants, Beneficially own, Rule 13d-3, Shared dispositive power
4 terms
Warrantsfinancial
"836,000 warrants to purchase approximately 552,357 Ordinary Shares"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
Beneficially ownregulatory
"deemed to be the beneficial owner of 1,591,596 Ordinary Shares"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Rule 13d-3regulatory
"added to the Ordinary Shares outstanding in accordance with Rule 13d-3"
Rule 13d-3 defines who is treated as the beneficial owner of a company’s shares for U.S. securities disclosure rules — essentially anyone who has the power to vote or direct how shares are voted, or the power to buy or sell them, even if they don’t hold the certificates. For investors this matters because crossing certain ownership thresholds triggers public filing and disclosure obligations and signals potential control or influence, much like having the keys to a car implies you can drive it even if it’s registered to someone else.
Shared dispositive powerregulatory
"Shared Dispositive Power 1,591,596.00"
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Maxeon Solar Technologies, Ltd.
(Name of Issuer)
Ordinary Shares, no par value
(Title of Class of Securities)
Y58473128
(CUSIP Number)
06/15/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
Y58473128
1
Names of Reporting Persons
WHITEBOX ADVISORS LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,591,596.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,591,596.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,591,596.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.5 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
Y58473128
1
Names of Reporting Persons
WHITEBOX GENERAL PARTNER LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,591,596.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,591,596.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,591,596.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.5 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Maxeon Solar Technologies, Ltd.
(b)
Address of issuer's principal executive offices:
8 Marina Boulevard #05-02, Marina Bay Financial Centre, Singapore, 018981
Item 2.
(a)
Name of person filing:
This statement is filed by:
(i) Whitebox Advisors LLC, a Delaware limited liability company ("WA"); and
(ii) Whitebox General Partner LLC, a Delaware limited liability company ("WGP" and, together with WA, the "Reporting Persons").
(b)
Address or principal business office or, if none, residence:
The address of the business office of WA and WGP is:
3033 Excelsior Boulevard
Suite 500
Minneapolis, MN 55416
(c)
Citizenship:
WA and WGP are organized under the laws of the State of Delaware.
(d)
Title of class of securities:
Ordinary Shares, no par value
(e)
CUSIP Number(s):
Y58473128
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
As of June 15, 2026, each of WA and WGP was deemed to be the beneficial owner of 1,693,253 Ordinary Shares, as a result of WA's clients' ownership of: (i) 1,140,896 Ordinary Shares and (ii) 836,000 warrants to purchase approximately 552,357 Ordinary Shares, which warrants are currently exercisable ("Warrants").
As of the date hereof, each of WA and WGP is deemed to be the beneficial owner of 1,591,596 Ordinary Shares, as a result of WA's clients' ownership of (i) 1,039,239 Ordinary Shares and (ii) 836,000 Warrants to purchase approximately 552,357 Ordinary Shares.
(b)
Percent of class:
As of June 15, 2026, each of WA and WGP was deemed to beneficially own approximately 9.1% of the Ordinary Shares outstanding.
As of the date hereof, each of WA and WGP is deemed to beneficially own approximately 8.5% of the Ordinary Shares outstanding.
Percents of class were calculated based on the sum of (i) 16,932,760 Ordinary Shares outstanding as of June 30, 2025, as reported in exhibit 99.1 to the Issuer's current report on Form 6-K filed with the Securities and Exchange Commission on August 14, 2025, (ii) an aggregate 1,140,896 Ordinary Shares issued on June 15, 2026, upon conversion of Adjustable-Rate Convertible Second Lien Senior Secured Notes due 2028 held by WA's clients, and (iii) 552,357 Ordinary Shares that WA and WGP have the right to acquire upon exercise of Warrants, which amount has been added to the Ordinary Shares outstanding in accordance with Rule 13d-3(d)(1)(i) under the Securities Exchange Act of 1934, as amended.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
WA and WGP: 0
(ii) Shared power to vote or to direct the vote:
WA and WGP: 1,591,596
(iii) Sole power to dispose or to direct the disposition of:
WA and WGP: 0
(iv) Shared power to dispose or to direct the disposition of:
WA and WGP: 1,591,596
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
WA's clients are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Ordinary Shares covered by this Statement that may be deemed to be beneficially owned by the Reporting Persons.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
WHITEBOX ADVISORS LLC
Signature:
/s/ Gina Scianni
Name/Title:
Gina Scianni, Associate General Counsel & Deputy Chief Compliance Officer
Date:
06/26/2026
WHITEBOX GENERAL PARTNER LLC
Signature:
/s/ Gina Scianni
Name/Title:
Gina Scianni, Authorized Signatory
Date:
06/26/2026
Exhibit Information
Exhibit A - Joint Filing Agreement, dated June 26, 2026, by and among the Reporting Persons
What stake does Whitebox report in Maxeon Solar (MAXNQ)?
Whitebox reports beneficial ownership of 1,591,596 Ordinary Shares, equal to approximately 8.5% of the class, as stated in the Schedule 13G filing.
Does the Schedule 13G show voting control by Whitebox?
The filing reports shared voting power1,591,596 shares for both Whitebox entities; it does not report sole voting or sole dispositive power.
Are warrants included in Whitebox’s ownership calculation?
Yes. The filing counts 836,000 warrants552,357 Ordinary Shares and adds that amount under Rule 13d-3 for percent calculations.
What share count basis does the filing use to compute the percent owned?
The percent is computed using 16,932,760 Ordinary Shares outstanding as of June 30, 2025, plus convertible issuances and warrant-related shares per the filing.
Who holds the reported shares according to the filing?
The statement attributes the holdings to Whitebox Advisors LLC’s clients; Whitebox and Whitebox General Partner are reporting persons acting on behalf of those clients.
