SPI Energy Co., Ltd. Announces Receipt of Delinquency Notice From NASDAQ
May 29 2018 - 4:30PM
SPI Energy Co., Ltd. (“SPI Energy” or the “Company”) (Nasdaq:SPI),
a global provider of renewable energy solutions and
cryptocurrencies miner hosting service for business, residential,
government and utility customers and investors, today announced
that it received a notification letter (the “Notice”) from the
Listing Qualifications Department of The Nasdaq Stock Market Inc.
(“Nasdaq”) on May 17, 2018 indicating that the Company is not in
compliance with NASDAQ Listing Rule 5250(c)(1) for continued
listing because its annual report on Form 20-F for the year ended
December 31, 2017 (the “Annual Report”) was not filed on a timely
basis with the Securities and Exchange Commission.
Pursuant to the Notice, the Company must submit a plan to regain
compliance to Nasdaq (the “Compliance Plan”) no later than July 16,
2018. If the Compliance Plan is accepted, the Nasdaq staff
may grant an exception of up to 180 calendar days from the due date
of the Form 20-F, or November 12, 2018. The Notice has no immediate
effect on the listing of the Company’s securities. The Company
plans to submit the Updated Compliance Plan within the prescribed
time period.
About SPI Energy Co., Ltd.
SPI Energy Co., Ltd. is a global provider of renewable energy
solutions and cryptocurrencies miner hosting service for business,
residential, government and utility customers and investors. SPI
Energy focuses on the EPC/BT, storage and O2O PV market including
the development, financing, installation, operation and sale of
utility-scale and residential PV projects in China, Japan, Europe
and North America. The Company operates an online energy e-commerce
and investment platform in China, B2B e-commerce platform offering
a range of PV, storage products in Australia as well as online
platform (www.Globalming.com) offering global VIP miner hosting
service. The Company has its operating headquarters in Hong Kong
and maintains global operations in Asia, Europe, North America and
Australia.
For additional information, please visit:
http://investors.spisolar.com For investors and media inquiries
please contact:
SPI Energy Co., Ltd. IR Department Email: ir@spisolar.com
Source: SPI Energy Co., Ltd.
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