Maxeon bets on reverse stock split as Nasdaq delisting looms
- Admin
- Sep 24, 2024
- 5 min read
Singapore-based solar cells and panel maker Maxeon Solar Technologies Ltd (NASDAQ:MAXN) faces delisting from Nasdaq due to low share price. The company plans a reverse stock split to meet Nasdaq's requirements. Maxeon's business suffered losses and disruptions, including US Customs detainment of Mexico-made solar panels.
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