regulatory
confidence high
sentiment negative
materiality 0.40
SUNPOWER CORP: Nasdaq/NYSE listing notice — SunPower loses audit committee member, triggers Nasdaq non-compliance; has until June 29, 2023 to cure
SUNPOWER CORP
- Catherine Lesjak resigned from Board effective Dec 31, 2022, dropping audit committee below three members.
- Company notified Nasdaq on Jan 3, 2023; received non-compliance notice on Jan 4, 2023 for Rule 5605(c)(2).
- Must cure by June 29, 2023 under Nasdaq 5605(c)(4)(B); active search underway to fill vacancy.