Maxeon Solar Technologies has successfully regained compliance with Nasdaq Listing Rule 5550(a)(2), as confirmed by Nasdaq on October 29, 2024. The company's securities will continue to be listed and traded on the Nasdaq Global Select Market, and the previously scheduled November 7 hearing has been cancelled.The compliance recovery follows the company's implementation of a 1-for-100 reverse stock split, which effectively addressed the listing concern that arose when the company's securities had a closing bid price of $0.10 or less for ten consecutive trading days as of September 16, 2024. The reverse stock split has successfully elevated the trading price of Maxeon's ordinary shares above Nasdaq's minimum bid price requirement.

Maxeon Solar Technologies has successfully regained compliance with Nasdaq Listing Rule 5550(a)(2), as confirmed by Nasdaq on October 29, 2024. The company's securities will continue to be listed and traded on the Nasdaq Global Select Market, and the previously scheduled November 7 hearing has been cancelled.The compliance recovery follows the company's implementation of a 1-for-100 reverse stock split, which effectively addressed the listing concern that arose when the company's securities had a closing bid price of $0.10 or less for ten consecutive trading days as of September 16, 2024. The reverse stock split has successfully elevated the trading price of Maxeon's ordinary shares above Nasdaq's minimum bid price requirement.