Maxeon Solar Technologies has regained compliance with Nasdaq Listing Rule 5550(a)(2) on October 29, 2024, following a 1-for-100 reverse stock split. This development cancels the previously scheduled November 7 hearing and ensures the company's continued listing on the Nasdaq Global Select Market.The compliance issue arose on September 17, 2024, when Maxeon received a Staff Determination Letter from Nasdaq, warning of potential delisting due to the company's securities having a closing bid price of $0.10 or less for ten consecutive trading days. Maxeon promptly requested a hearing, which stayed the delisting process.The successful implementation of the reverse stock split has elevated the trading price of Maxeon's ordinary shares above the minimum bid price requirement. This action effectively resolves the compliance concern and secures the company's position on the Nasdaq Global Select Market.

Maxeon Solar Technologies has regained compliance with Nasdaq Listing Rule 5550(a)(2) on October 29, 2024, following a 1-for-100 reverse stock split. This development cancels the previously scheduled November 7 hearing and ensures the company's continued listing on the Nasdaq Global Select Market.The compliance issue arose on September 17, 2024, when Maxeon received a Staff Determination Letter from Nasdaq, warning of potential delisting due to the company's securities having a closing bid price of $0.10 or less for ten consecutive trading days. Maxeon promptly requested a hearing, which stayed the delisting process.The successful implementation of the reverse stock split has elevated the trading price of Maxeon's ordinary shares above the minimum bid price requirement. This action effectively resolves the compliance concern and secures the company's position on the Nasdaq Global Select Market.