Maxeon challenges Nasdaq delisting threat, plans reverse stock split
- Admin
- Sep 24, 2024
- 3 min read
The Nasdaq Listing Qualifications Department will delist Maxeon Solar Technologies from Nasdaq Global Select Market due to low share prices. Maxeon Solar Technologies plans a reverse stock split to meet the market requirements. CEO Bill Mulligan expressed concerns over market challenges, including Customs and Border Protection detentions affecting revenue realization. The article also mentions solar recycling challenges.
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