Maxeon notified of Nasdaq non-compliance over financial reporting

Singapore-headquartered solar manufacturer Maxeon has received a notice of non-compliance from Nasdaq for failing to file its financial statements on time. Maxeon has until July 16 to submit a plan to regain compliance. The company announced delays in financial statements due to the phase-out of Maxeon 6 IBC modules and layoff of 22% of its global workforce. Maxeon faces patent infringement issues with TOPCon technology against companies like Canadian Solar, REC Solar Holdings, and Qcells.

Source:

https://www.pv-tech.org/maxeon-nasdaq-non-compliance-financial-reporting/

Want to read more?

Subscribe to vitaliydaviy.wixsite.com to keep reading this exclusive post.

Subscribe Now