SPI Energy Co., Ltd. Announces Nasdaq's Determination Letter
09 February 2019 - 9:00AM
SPI Energy Co., Ltd. ("SPI Energy" or the "Company") (NASDAQ: SPI),
a global provider of renewable energy solutions and crypto-miner
hosting services for residential, commercial and utility customers,
today announced that it received a letter from The Nasdaq Stock
Market LLC ("Nasdaq") stating that the Nasdaq Hearings Panel (the
"Panel") has granted the Company's request for continued listing
provided that, among other things, the Company demonstrates
compliance with the minimum $15 million market value of publicly
held shares for ten consecutive trading days on or before May 17,
2019.
In addition, the Panel decision requires that
the Company be able to demonstrate compliance with all requirements
for continued listing on Nasdaq and that the Company provide prompt
notification of any significant events that occur during the
exception period (including, but not limited to, any event that may
call into question the Company's ability to meet the terms of the
exception granted). In the event the Company is unable to meet the
above requirements, its securities may be delisted from The Nasdaq
Stock Market.
The Nasdaq Listing and Hearing Review Council
may review the Panel decision on its own motion, in which event it
may affirm, modify, reverse or remand the decision to the
Panel.
About SPI Energy Co., Ltd.
SPI Energy Co., Ltd. is a global provider of
renewable energy solutions and crypto-miner hosting services for
residential, commercial and utility customers. SPI Energy focuses
on the EPC/BT, and storage markets including the development,
financing, installation, operation and sale of utility-scale and
residential PV projects in Japan, Europe and North America. The
company operates a B2B E-Commerce platform offering a range of PV,
storage products in Australia as well as a turnkey solution
(umining.io) offering global crypto-mining training, sale, hosting
and repair service. The Company has its operating headquarters in
Hong Kong and Santa Clara, California and maintains global
operations in Asia, Europe, North America and Australia.
For additional information, please visit:
http://www.spigroups.com/investorrelations/overview
For investors and media inquiries please
contact:
SPI Energy Co., Ltd.
IR Department
Email: ir@spigroups.com
Source: SPI Energy Co., Ltd.
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