Secondary Stock Offerings
By The Online Investor Staff, updated Fri., Apr. 16, 3:28 PM
| This Slide: #1 of 25 |
Slide #1. Maxeon Solar Technologies, Ltd. — Secondary Offering
Company:
Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN)
Date announced:
4/16/2021
Shares Offered:
6,944,444
Date of Pricing:
4/16/2021
Price Per Share:
$18.00
Secondary Offering Details:
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").
Maxeon Solar Technologies is global energy company, technology developer, and manufacturer and marketer of premium solar panels headquartered in Singapore. Co. manufactures solar cells in Malaysia and the Philippines, assembles solar cells into panels in France, Mexico and China (through its joint venture, Huansheng), and sells its products across more than 90 countries. Co.'s two product technologies include: the 'Maxeon Line,' which utilizes Co.'s interdigitated back contact (IBC) technology, and the 'Performance Line,' which utilizes Co.'s shingled cell technology. Co.'s proprietary technology platforms targets both the distributed generation and power plant markets.
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List of Secondary Stock Offerings in this Slideshow:
3/25/2021:
Company: Arbor Realty Trust, Inc. (ABR)
Shares Offered: 7,000,000
More: offering details »
3/25/2021:
Company: Vuzix Corporation (VUZI)
Shares Offered: 4,146,342
More: offering details »
3/29/2021:
Company: Applied Molecular Transport Inc. (AMTI)
Shares Offered: 2,500,000
More: offering details »
3/29/2021:
Company: SeaChange International, Inc. (SEAC)
Shares Offered: 10,323,484
More: offering details »
3/29/2021:
Company: Open Lending Corporation (LPRO)
Shares Offered: 9,000,000
More: offering details »
3/30/2021:
Company: ProQR Therapeutics N.V. (PRQR)
Shares Offered: 13,846,154
More: offering details »
3/30/2021:
Company: 9 Meters Biopharma, Inc. (NMTR)
Shares Offered: 30,000,000
More: offering details »
3/31/2021:
Company: CTI BioPharma Corp. (CTIC)
Shares Offered: 14,260,800
More: offering details »
3/31/2021:
Company: CTI BioPharma Corp. (CTIC)
Shares Offered: 600
More: offering details »
4/1/2021:
Company: Telos Corporation (TLS )
Shares Offered: 7,905,139
More: offering details »
4/5/2021:
Company: XOMA Corporation (XOMAO)
Shares Offered: 1,400,000
More: offering details »
4/5/2021:
Company: Ultra Clean Holdings, Inc. (UCTT)
Shares Offered: 3,181,818
More: offering details »
4/5/2021:
Company: Maravai LifeSciences Holdings, Inc. (MRVI)
Shares Offered: 18,000,000
More: offering details »
4/6/2021:
Company: Homology Medicines, Inc. (FIXX)
Shares Offered: 6,329,113
More: offering details »
4/7/2021:
Company: Otonomy, Inc. (OTIC)
Shares Offered: 13,400,000
More: offering details »
4/7/2021:
Company: Identiv, Inc. (INVE)
Shares Offered: 3,286,385
More: offering details »
4/7/2021:
Company: Crinetics Pharmaceuticals, Inc. (CRNX)
Shares Offered: 4,562,044
More: offering details »
4/9/2021:
Company: Amyris, Inc. (AMRS)
Shares Offered: 19,047,619
More: offering details »
4/9/2021:
Company: Global Ship Lease, Inc. (GSL)
Shares Offered: 4,500,000
More: offering details »
4/14/2021:
Company: GEE Group Inc. (JOB)
Shares Offered: 83,333,333
More: offering details »
4/15/2021:
Company: SeaSpine Holdings Corporation (SPNE)
Shares Offered: 4,500,000
More: offering details »
4/15/2021:
Company: Synlogic (SYBX)
Shares Offered: 10,000,000
More: offering details »
4/15/2021:
Company: PHX Minerals Inc. (PHX)
Shares Offered: 5,500,000
More: offering details »
4/15/2021:
Company: Bally's Corporation (BALY)
Shares Offered: 11,000,000
More: offering details »
4/16/2021:
Company: Maxeon Solar Technologies, Ltd. (MAXN)
Shares Offered: 6,944,444
More: offering details »
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Avg. Broker Rec.
  
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Hold (2.50 out of 4) 8th percentile
(ranked lower than approx. 92% of all stocks covered)
Analysts' Target Price: MAXN Stock Forecast Based on Zacks ABR data; powered by Xignite |
