Maxeon Solar Technologies completes public offering of $241.2 million of Ordinary Shares and concurrent private placement of $42 million of Ordinary Shares
Client(s) Maxeon Solar Technologies, Ltd.
Jones Day represented Maxeon Solar Technologies, Ltd., one of the world’s leading global manufacturers and marketers of premium solar power technology, in a public offering of 8,613,500 Ordinary Shares, consisting of 5,620,000 Ordinary Shares offered by Maxeon and 2,993,500 Ordinary Shares offered by an affiliate of TotalEnergies SE, one of Maxeon’s existing shareholders. The public offering price was $28.00 per share, resulting in approximately $152.2 million of net proceeds, before expenses, to Maxeon and approximately $81.1 million of net proceeds, before expenses, to TotalEnergies SE. Concurrently with the public offering, Jones Day represented Maxeon in a private placement of $42 million of its Ordinary Shares to an affiliate of TCL Zhonghuan Renewable Energy Technology Co., Ltd, one of Maxeon’s existing shareholders, at a sale price equal to the public offering price.