Maxeon Solar Technologies received a delisting notification from Nasdaq on September 17, 2024, as its stock price remained at $0.10 or less for ten consecutive trading days. The company has submitted a hearing request, which automatically stays any delisting action pending the hearing.To address the listing compliance issue, Maxeon's shareholders approved a 100-to-1 reverse stock split at the August 29 Annual General Meeting. The board is now implementing this consolidation, aiming to raise the bid price above Nasdaq's minimum requirement of $1.00 per share.

Maxeon Solar Technologies received a delisting notification from Nasdaq on September 17, 2024, as its stock price remained at $0.10 or less for ten consecutive trading days. The company has submitted a hearing request, which automatically stays any delisting action pending the hearing.To address the listing compliance issue, Maxeon's shareholders approved a 100-to-1 reverse stock split at the August 29 Annual General Meeting. The board is now implementing this consolidation, aiming to raise the bid price above Nasdaq's minimum requirement of $1.00 per share.