SPI Energy Co., Ltd. Signs Share Purchase Agreement with Tiger Capital Fund SPC Participating in Tiger Global SP
April 24 2017 - 8:11AM
SPI Energy Co., Ltd. (“SPI Energy” or the “Company”) (NASDAQ:SPI),
a global clean energy market place for business, residential,
government and utility customers and investors, today announced
that it has entered into a share purchase agreement with Tiger
Capital Fund SPC participating in Tiger Global SP, which has agreed
to purchase 80,000,000 ordinary shares of the Company, at an
aggregate purchase price of US$5,760,000 and subject to the terms
and conditions of the share purchase agreement, including a lock-up
for 180 days from the closing date of the contemplated transactions
which is scheduled no later than May 9, 2017, or such other time or
on such other date that is agreed upon in writing by both parties.
The Company's American depositary shares (ADSs)
are quoted on the Nasdaq Global Select Market under the symbol
“SPI”. Each ADS represents ten ordinary shares of the
Company.
About SPI Energy Co., Ltd.
SPI Energy Co., Ltd. is a global provider of
photovoltaic (PV) solutions for business, residential, government
and utility customers and investors. SPI Energy focuses on the
downstream PV market including the development, financing,
installation, operation and sale of utility-scale and residential
solar power projects in China, Japan, Europe and North America. The
Company operates an innovative online energy e-commerce and
investment platform, www.solarbao.com, which enables individual and
institutional investors to purchase innovative PV-based investment
and other products; as well as www.solartao.com, a B2B e-commerce
platform offering a range of PV products for both upstream and
downstream suppliers and customers. 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: www.spisolar.com.
Safe Harbor Statement
This release contains certain “forward-looking
statements.” These statements are forward-looking in nature and
subject to risks and uncertainties that may cause actual results to
differ materially. All forward-looking statements included in this
release are based upon information available to the Company as of
the date of this release, which may change, and the Company
undertakes no obligation to update or revise any forward-looking
statements, except as may be required under applicable securities
law.
For investors and media inquiries please contact:
SPI Energy Co., Ltd.
Pearl Peng, Investor Relations Director
Email: pearl.peng@spisolar.com
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