SunPower Announces Nasdaq Delisting Notification

Core Viewpoint - SunPower Corp. has received a notice from Nasdaq regarding the delisting of its common stock due to non-compliance with listing rules and the filing of Chapter 11 bankruptcy petitions [1][2]. Group 1: Delisting and Bankruptcy - The delisting is a result of SunPower and its subsidiaries filing voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code [1]. - Trading of SunPower's common stock on Nasdaq will be suspended on August 16, 2024, and it is expected to begin trading on the Pink Open Market [2]. Group 2: Company Overview - SunPower is a leading provider of solar, storage, and energy services in North America, offering solar + storage solutions that provide cost savings and control over electricity consumption [3].