Maxeon Solar Technologies has received a notification from Nasdaq on August 14, 2024, indicating non-compliance with the minimum bid price requirement, as its shares traded below $1.00 for 32 consecutive business days. The company has been granted a 180-day compliance period until February 10, 2025, during which it must maintain a closing bid price of $1.00 or higher for at least ten consecutive business days.The notification has no immediate impact on Maxeon's listing status, and its shares will continue trading on The Nasdaq Global Select Market under the symbol "MAXN". The company is actively monitoring the situation and considering various options to regain compliance. If unsuccessful by the deadline, Maxeon may be eligible for an additional 180-day extension period to meet the requirement.

Maxeon Solar Technologies has received a notification from Nasdaq on August 14, 2024, indicating non-compliance with the minimum bid price requirement, as its shares traded below $1.00 for 32 consecutive business days. The company has been granted a 180-day compliance period until February 10, 2025, during which it must maintain a closing bid price of $1.00 or higher for at least ten consecutive business days.The notification has no immediate impact on Maxeon's listing status, and its shares will continue trading on The Nasdaq Global Select Market under the symbol "MAXN". The company is actively monitoring the situation and considering various options to regain compliance. If unsuccessful by the deadline, Maxeon may be eligible for an additional 180-day extension period to meet the requirement.