Maxeon Solar Technologies Said On June 14, Entered Into A Forward Purchase Agreement With Zhonghuan Singapore Investment And Development Relating To Sale By Co & Purchase By Investor Of Ordinary Shares Of Co At Purchase Price Of $100M
Portfolio Pulse from Benzinga Newsdesk
Maxeon Solar Technologies has entered into a forward purchase agreement with Zhonghuan Singapore Investment and Development for the sale of its ordinary shares at a purchase price of $100 million.
June 17, 2024 | 10:17 am
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Maxeon Solar Technologies has entered into a forward purchase agreement with Zhonghuan Singapore Investment and Development for the sale of its ordinary shares at a purchase price of $100 million.
The forward purchase agreement indicates a significant investment in Maxeon Solar Technologies, which is likely to be viewed positively by the market. The $100 million purchase price suggests confidence in the company's future prospects, potentially driving the stock price up in the short term.
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