DelistingJun 2, 2026, 07:16 AM
Maxeon Solar Technologies Receives Further Nasdaq Delisting Notice
AI Summary
Maxeon Solar Technologies, Ltd. received a further written notice from Nasdaq on May 26, 2026, outlining additional and separate bases for delisting its securities. These new reasons include the company's lack of independent board members on its Audit Committee and its failure to file the Form 20-F for the period ended December 31, 2025. The company's securities were already suspended from Nasdaq on May 1, 2026, and moved to the over-the-counter market following an earlier delisting determination. A hearing before the Nasdaq Hearings Panel to appeal the delisting is scheduled for June 4, 2026.
Key Highlights
- Maxeon Solar Technologies received a further Nasdaq delisting notice on May 26, 2026.
- Additional delisting bases include the company no longer having independent board members on its Audit Committee.
- The company is ineligible to submit a plan of compliance due to a prior delisting determination.
- Failure to file its Form 20-F for the period ended December 31, 2025, is another delisting reason.
- Maxeon's securities were suspended from Nasdaq on May 1, 2026, and moved to the over-the-counter market.
- A hearing before the Nasdaq Hearings Panel to appeal the delisting is scheduled for June 4, 2026.
Price Impact
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