This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, but not limited to, statements regarding: (a) our ability to (i) meet short-term and long-term material cash requirements, (ii) complete an equity or debt offering or other financing at favorable terms, if at all, (iii) refinance our quickly maturing outstanding debt and (iv) continue as a going conce ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________________ FORM 20-F ______________________________ ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUA ...

--First Quarter Revenue of $187 Million-- --Financing Commitments Secured from Largest Shareholder-- SINGAPORE, May 30, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) ("Maxeon" or "the Company"), a global leader in solar innovation and channels, today announced its financial results for the first quarter ended March 31, 2024. Maxeon's Chief Executive Officer Bill Mulligan noted, "Maxeon has been facing a very difficult market environment since the third quarter of last year, with challen ...

Financing and Securities - The Company is issuing an aggregate of $97,500,000 in principal amount of 9.00% Convertible First Lien Senior Secured Notes due 2029[4] - The Investor will pay $70,000,000 in cash for the New First Lien Notes, with an additional $25,000,000 in Existing First Lien Notes exchanged[6] - The Company has a total of $207,000,000 principal amount of 7.50% Convertible First Lien Senior Secured Notes due 2027 outstanding[4] - The Company has issued 6.50% Green Convertible Senior Notes due 2025, which are part of its financing strategy[94] - The company aims to exchange at least 95% of its 6.50% Senior Unsecured Convertible Notes Due 2025 into Convertible Second Lien Senior Secured Notes due 2028[179] Warrant and Shareholder Rights - The Company will issue a warrant to the Investor allowing the purchase of ordinary shares at an exercise price of $0.01 per share[5] - The warrant allows the holder to purchase ordinary shares at a price determined by the exercise price, subject to adjustments[91] - The exercise price of the warrant is initially set at $0.01 per share, subject to adjustments[126] - The holder can choose to exercise the warrant either through a cash exercise or a cashless exercise, with the latter calculated using a specific formula[127] - The holder acknowledges that the consideration for the warrant is no less than S$200,000[119] - The ordinary shares issued upon exercise of the warrant will be subject to registration rights as per the A&R Registration Rights Agreement[137] - The Company will not confer any rights of a shareholder to the Holder until the Exercise Shares are issued[152] Compliance and Legal Matters - The Company and its subsidiaries are in compliance with all applicable Environmental Laws, including obtaining necessary permits and approvals[30] - The Company has not received any notice of violations of International Trade Laws from any governmental authority[25] - The Company has instituted and maintained policies to promote compliance with Anti-Corruption Laws[24] - The Company has not engaged in dealings with any individuals or entities subject to comprehensive Sanctions[25] - No registration under the Securities Act is required for the offer and sale of the Securities by the Company to the Investor under this Agreement[21] - The Agreement is governed by the laws of the State of New York, and any disputes will be subject to the jurisdiction of New York State or United States Federal courts[62][63] Corporate Governance and Structure - The Company has established a Strategy and Transformation Committee of the Board as part of its governance structure[179] - The Chief Transformation Officer must be appointed in accordance with the STC Charter[179] - The Company will maintain its good standing and legal existence under applicable laws, ensuring compliance with legal requirements[47] Transaction Conditions and Obligations - The obligations of the Investor to acquire the New First Lien Notes are subject to various conditions, including obtaining necessary governmental approvals[178] - The Company must ensure that no Material Adverse Effect has occurred since the date of the agreement[179] - The Company is required to deliver executed legal opinions from outside counsel to the Investor[179] - The Shareholders Agreement must be amended to facilitate the transactions contemplated in the agreement[179] - The Company will not enter into any material financing contracts without prior written consent from the Investor[51] Miscellaneous Provisions - The Company will reimburse the Investor $2,500,000 for fees paid to a consulting firm related to the transaction[6] - The Company will provide reasonably prompt responses to all reasonable diligence requests from the Investor or its advisors[50] - The Company will execute and deliver a Supplemental Deed to Shareholders Agreement prior to the Closing Date[46] - The Company will adjust the number of Ordinary Shares entitled to purchase upon the exercise of the Warrant in direct proportion to any subdivision or combination of outstanding Ordinary Shares[138] - The Company will provide an Exercise Price Adjustment Notice to the Holder whenever the Exercise Price or the number of securities issuable upon exercise is adjusted[143]

SINGAPORE, May 13, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) (the "Company"), a global leader in solar innovation and channels, today announced it will postpone the release of its Fourth Quarter, Fiscal Year 2023 and First Quarter 2024 Financial Results, previously scheduled for May 15, 2024 U.S. ET / May 16, Singapore Time, to May 23, 2024. The additional time is necessary to complete the Company's preparation of its annual and quarterly reports and to provide the market with a co ...

Maxeon solar panels uniquely capable to meet mission-critical energy needs in harsh environments SINGAPORE, May 2, 2024 /PRNewswire/ -- Forecasters at Colorado State University have predicted an "extremely active," record-breaking Atlantic hurricane season, with the highest number of hurricanes ever predicted since the team began releasing forecasts in 1995. This raises concerns about power and electrical interruptions that could severely impact commercial operations for business and mission-critical servic ...

SINGAPORE, April 30, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) (the "Company"), a global leader in solar innovation and channels, today announced it will release its Fourth Quarter, Fiscal Year 2023 and First Quarter 2024 Financial Results on May 15, 2024.The earnings press release and supplemental financial information will be available on the Investor Relations section of Maxeon's website at: https://corp.maxeon.com/investor-relations. The Company will also hold a conference call ...

New Solar Energy System Will Cut Costs and Empower Lifeline Albury Wodonga to Serve More People in NeedSINGAPORE, April 17, 2024 /PRNewswire/ -- As part of its worldwide "Maxeon Gives" initiative, Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today announced that the Lifeline Albury Wodonga crisis support center in New South Wales, Australia has installed a new solar PV system donated by Maxeon. The installation includes the Company's Performance Line sola ...

Innovative TOPCon design recognized for exceptional sustainability, quality, and reliabilitySINGAPORE, April 11, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, has once again raised the bar for the solar industry with its new line of SunPower Performance 7 solar panels designed for distributed generation (DG) projects. Performance 7 panels feature unique cell design and circuitry combined with quality materials to deliver outstanding en ...

SINGAPORE, April 8, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) ("Maxeon" or "the Company"), a global leader in solar innovation and channels, today provided preliminary selected unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023, as well as expected shipment and revenue numbers for the first quarter of 2024.  Maxeon's CEO Bill Mulligan commented, "In the fourth quarter, Maxeon delivered financial results largely in line with our expectations. ...