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Maxeon Announces Pricing of Public Offering of Ordinary Shares


Maxeon Announces Pricing of Public Offering of Ordinary Shares
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SINGAPORE, April 16, 2021 /PRNewswire/ Maxeon Solar Technologies, Ltd. (Maxeon) (NASDAQ: MAXN) today announced the pricing of an underwritten public offering of $125.0 million of ordinary shares at a price of $18.00 per share. Maxeon also granted the underwriters a 30-day option to purchase up to an additional $18.7 million of ordinary shares in the public offering on the same terms and conditions. Maxeon expects to receive net proceeds from the offering of approximately $117.1 million after underwriting discounts and commissions and estimated offering expenses (or approximately $134.9 million if the underwriters exercise their option to purchase additional shares). The offering is expected to close on April 20, 2021, subject to customary closing conditions (the Offering ). ....

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Maxeon Solar Technologies Announces Initiative to Expand Engagement in U.S. Solar Power Market


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SINGAPORE, April 6, 2021 /PRNewswire/  Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced a major new initiative to expand its engagement in the rapidly growing U.S. solar power market. The Company plans to increase its focus on selling its Performance line shingled module technology in the U.S., facilitated by the deployment of up to 3.6 GW of new shingled module assembly capacity in two phases. The expansion is contingent upon the Company obtaining debt or equity financing to purchase the equipment, after which initial sales are expected to start in the first quarter of 2022. ....

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Maxeon Solar Technologies Announces Hire of Senior Executive Ralf Elias to Lead its Distributed Generation Growth "Beyond the Panel"


Maxeon Solar Technologies Announces Hire of Senior Executive Ralf Elias to Lead its Distributed Generation Growth Beyond the Panel
Company intensifies focus on expanding its global Distributed Generation business
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SINGAPORE, April 1, 2021 /PRNewswire/  Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today announced that Ralf Elias will join Maxeon as its Executive Vice President and Global Head of Distributed Generation (DG) Products on July 1, 2021. As a senior member of the executive team, Elias will report directly to Maxeon s CEO Jeff Waters. In this newly created role, he will be responsible for leading Maxeon s strategy to expand its DG business to go Beyond the Panel – leveraging the company s trusted brand and unique global dealer channels to develop and market system solutions to complement its industry-leading panels. ....

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