On June 27, 2024, a shareholder filed a putative class action lawsuit against Maxeon Solar Technologies and certain officers in the U.S. District Court for Northern California. The complaint alleges violations of the Securities Exchange Act regarding disclosures made between November 13, 2023, and May 30, 2024, concerning the company's relationship with SunPower Corporation.Maxeon strongly denies these allegations, stating they are without merit and will vigorously defend against them. The company maintains it has provided compliant disclosures about its relationship with SunPower, including the settlement agreement following the termination of master supply agreements and their financial impact. Maxeon continues to develop its own U.S. dealer channel and reports positive progress in this direction.

On June 27, 2024, a shareholder filed a putative class action lawsuit against Maxeon Solar Technologies and certain officers in the U.S. District Court for Northern California. The complaint alleges violations of the Securities Exchange Act regarding disclosures made between November 13, 2023, and May 30, 2024, concerning the company's relationship with SunPower Corporation.Maxeon strongly denies these allegations, stating they are without merit and will vigorously defend against them. The company maintains it has provided compliant disclosures about its relationship with SunPower, including the settlement agreement following the termination of master supply agreements and their financial impact. Maxeon continues to develop its own U.S. dealer channel and reports positive progress in this direction.