Whitebox Advisors Reports 8.5% Stake in Maxeon Solar Technologies Following Note Conversion

On June 26, 2026, Whitebox Advisors LLC and Whitebox General Partner LLC filed a Schedule 13G disclosing a new significant stake in Maxeon Solar Technologies, Ltd. (MAXN). As of the event date of June 15, 2026, the reporting persons were deemed to beneficially own 1,693,253 shares (approximately 9.1% of the class). As of the filing date, this position was adjusted to 1,591,596 ordinary shares, representing an 8.5% ownership stake. The acquisition was driven by the conversion of Adjustable-Rate Convertible Second Lien Senior Secured Notes due 2028 held by Whitebox's clients, which resulted in the issuance of 1,140,896 ordinary shares. Additionally, the reporting persons hold 836,000 warrants exercisable for approximately 552,357 ordinary shares. The filing indicates that the securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. Whitebox Advisors LLC and Whitebox General Partner LLC share voting and dispositive power over the reported shares.