SUNPOWER CORP: Nasdaq/NYSE listing notice — SunPower receives Nasdaq delinquency notice for late 10-Q; negotiating waiver with Bank of America

SUNPOWER CORP

Received Nasdaq notice on Nov 22 for non-compliance with Listing Rule 5250(c)(1) due to late Form 10-Q.
Must submit compliance plan within 60 days; Nasdaq may grant extension to May 20, 2024.
Late filing stems from previously disclosed restatement of financial statements (Oct 24 8-K).
Negotiating consent and waiver with Bank of America under Credit Agreement to address restatement and late delivery.

item 3.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

SUNPOWER CORP received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: late filing
Rules: 5250(c)(1)

Exact text from the filing

November 22, 2023, the Company received a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, as a result of not having timely filed the Form 10-Q with the SEC, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”), which requires timely filing of all required periodic financial reports with the SEC. The Notice has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq. The Notice indicated that the Company must submit a plan to regain compliance with the Listing Rule within 60 calendar days a

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Source: SEC EDGAR

accession 0000867773-23-000099

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