Maxeon’s stock price fell under US$0.10 for ten consecutive days last week. Image: Maxeon.
The Nasdaq Stock Market has moved to delist solar module supplier Maxeon from its global select market after the company’s securities had a closing bid price under US$0.10 for ten consecutive trading days.
Nasdaq sent Maxeon a letter announcing the decision last Tuesday (17 September), and on Friday, the company submitted a hearing request through the Nasdaq Listing Center. The start of this appeals process has suspended the company’s potential delisting until the hearing process is complete. According to the listing centre, these hearings typically take place within 15 calendar days of the hearing request, which means that Nasdaq will learn of its fate by Saturday 5 October.
(The above content is reproduced from pv-tech，By JP Casey）
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