The Online Investor

Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., May. 8, 5:22 AM

Slide #21. 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.

MAXN SEC Filing Email Alerts Service

Open the MAXN Page at The Online Investor »

Company Name: 
Maxeon Solar Technologies Ltd
Website: 
www.maxeon.com
Sector: 
Semiconductors
Number of ETFs Holding MAXN: 
17
Total Market Value Held by ETFs: 
$64.40M
Total Market Capitalization: 
$525.00M
% of Market Cap. Held by ETFs: 
12.27%
 

Open the MAXN Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes



Hold (2.50 out of 4)
11st percentile
(ranked lower than approx. 89% of all stocks covered)

Analysts' Target Price:
MAXN Stock Forecast

Based on Zacks ABR data;
powered by Xignite

Secondary Stock Offerings Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.