BUZZ-Maxeon Solar falls after filing for judicial management in Singapore

Reuters04-01

BUZZ-<a href="https://laohu8.com/S/MAXN">Maxeon Solar</a> falls after filing for judicial management in Singapore

** Shares of Maxeon Solar Technologies MAXN.O fall 2.7% to $1.57 premarket

** Company applies to be placed under judicial management in Singapore

** The solar module maker and its unit Maxeon Solar Pte Ltd have filed applications with a Singapore court to begin a restructuring process

** MAXN has been restructuring since late fiscal 2024, selling subsidiaries and its non-U.S. business to ease liquidity pressures

** Up to last close, MAXN down 45.1% YTD

(Reporting by Varun Sahay in Bengaluru)

((Varun.sahay@thomsonreuters.com))

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