Maxeon achieved $150.8 million in its public offering of ordinary shares

Module manufacturer Maxeon Solar Technologies, Ltd. has closed its previously announced public offering of $125.0 million of ordinary shares at a public offering price of $18.00 per share, and its sale of 1.87 million ordinary shares, to an affiliate of Tianjin Zhonghuan Semiconductor (we reported). The net proceeds from the public offering and private placement were approximately $150.8 million after giving effect to the underwriting discounts and commissions and estimated offering expenses in the public offering.

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