Maxeon Solar (MAXN) and Complete Solaria (CSLR) announced that Complete Solaria’s subsidiary, SolarCA LLC, has entered into an asset purchase agreement for the sale of certain assets to Maxeon. The agreement also includes a supply agreement for Maxeon to supply its solar panels to Complete Solaria. The assets to be acquired include Solaria’s dealer channel operations and contracts, as well as Complete Solaria’s solar panel patent portfolio relating primarily to shingled cell solar panel technology. Closing of this transaction is subject to satisfaction of various conditions.
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