SPI Energy Co., Ltd. Provides Update on Private Placement
July 13 2017 - 8:30AM
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, announced the
closing of a previously disclosed private placement.
As disclosed by the Company on April 24, 2017,
the Company entered into a share purchase agreement (the “April
2017 SPA”) with Tiger Capital Fund SPC participating in Tiger
Global SP (the “Tiger Fund”) to issue 80,000,000 ordinary shares of
the Company to the Tiger Fund at an aggregate purchase price of
US$5,760,000. In June 2017, the Tiger Fund agreed to assign
its rights and obligations under the April 2017 SPA to a third
party designated by the Company. Consequently, the Company
designated Qian Kun Prosperous Times Investment Limited as
substitution for Tiger Fund for the purchase of 80,000,000 ordinary
shares of the Company at an aggregate purchase price of
US$5,760,000, which transaction was completed on July 12, 2017.
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
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, as well as B2B e-commerce platform offering a
range of PV and storage products in Australia. 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
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