Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home Renewable Solar

Maxeon Solar Technologies Announces Public Offering

Urja Daily by Urja Daily
April 15, 2021
in Solar
Reading Time: 2 mins read
0
maxeon solar
Share on FacebookShare on TwitterShare on Linkedin

Maxeon Solar Technologies, Ltd. (Maxeon) announced that it is offering to sell, subject to market and other conditions, $125,000,000 of ordinary shares through an underwritten public offering. Maxeon also intends to grant the underwriters an option, exercisable for 30 days after the date of the final prospectus supplement, to purchase up to an additional $18,750,000 of ordinary shares offered in the public offering on the same terms and conditions (the “Offering”).

In addition, pursuant to a stock purchase agreement, dated April 13, 2021, with an affiliate of Tianjin Zhonghuan Semiconductor (“TZS”), Maxeon has agreed to sell to TZS, in a private placement exempt from the registration requirements of the Securities Act of 1933, and at a sale price equal to the price to the public in the Offering, up to 1.9 million and no fewer than 1.5 million ordinary shares (the “TZS Private Placement”).  Completion of the TZS Private Placement is contingent on completion of the Offering; however, the Offering is not contingent on the completion of the TZS Private Placement.

RELATED POSTS

BluPine Energy Achieves Financial Closure for 100 MW Solar Project in Gujarat

Vikram Solar bags 326.62 MW solar module supply order

Maxeon intends to use a portion of the net proceeds from the Offering and the TZS Private Placement for general corporate purposes, which is expected to include funding its previously announced Performance line expansion and may also include ramping up production and development of next-generation Maxeon 7, increasing manufacturing capacity for Maxeon 5 and 6, research and development and other projects.

Morgan Stanley and BofA Securities are serving as joint book-running managers and as the representatives of the underwriters for the offering. An effective registration statement on Form F-3 (File No. 333-248564) relating to these securities has been filed with the Securities and Exchange Commission (the “SEC”). The offering will be made only by means of the prospectus in that registration statement and the related prospectus supplement. You may access these documents for free by visiting the SEC’s website at www.sec.gov. Alternatively, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the related prospectus supplement if you request it from Morgan Stanley at Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, New York 10014 or by contacting BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department, calling 800/294-1322 or emailing dg.prospectus_requests@bofa.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy Maxeon’s ordinary shares nor shall there be any sale of such shares in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Tags: Maxeonsolar
ShareTweetShare
Urja Daily

Urja Daily

Related Posts

BluPine Energy

BluPine Energy Achieves Financial Closure for 100 MW Solar Project in Gujarat

by Palak
May 14, 2025
0

BluPine Energy has secured the financial closure for its 100 MW solar power project in Tharad, Banaskantha district of Gujarat...

Vikram Solar

Vikram Solar bags 326.62 MW solar module supply order

by Palak
May 14, 2025
0

Vikram Solar Limited has received a supply order from Gujarat Industries Power Company Limited to supply 326.625 MW of high-efficiency...

Aypa Power

Aypa Power Secures $535 Million for Solar-Plus-Storage Project in California

by Palak
May 14, 2025
0

Aypa Power has secured $535 million in debt financing to support the development of its Vidal hybrid renewable energy project,...

SJVN Limited

SJVN Reveals Auction Results for 1,200 MW Solar Projects with 2.4 GWh Energy Storage

by Palak
May 14, 2025
0

SJVN Limited has announced the results of its auction for 1,200 MW of interstate transmission system connected solar power projects...

Vikram Solar

Vikram Solar Secures 326 MW Solar Project Order from GIPCL at Khavda

by Palak
May 12, 2025
0

Kolkata :  Vikram Solar Limited has secured a significant order from Gujarat Industries Power Company Limited. It will supply 326.625...

Next Post
Frost & Sullivan Examines Global Opportunities for Fuel Cell Trucks

Frost & Sullivan Examines Global Opportunities for Fuel Cell Trucks

EVgo

EVgo Launched New EVgo Lab in El Segundo

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

IFC and Canada

IFC and Canada Back Husk to Drive Solar-Powered Growth in Rural Nigeria

May 15, 2025
SLP Innovation

SLP and Posterity Institute Launch Program to Boost UAE Market Entry for Innovators

May 15, 2025
  • 643 Followers
  • 23.9k Followers

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

IFC and Canada Back Husk to Drive Solar-Powered Growth in Rural Nigeria

SLP and Posterity Institute Launch Program to Boost UAE Market Entry for Innovators

BluPine Energy Achieves Financial Closure for 100 MW Solar Project in Gujarat

MEDA Issues Tender for 130 KTPA Green Hydrogen Facilities

Vikram Solar bags 326.62 MW solar module supply order

TCL Solar, Grid Africa to Deploy Renewables in Africa

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved