SPI Energy Co., Ltd. Provides Update on Nasdaq Matters
July 24 2017 - 08:30AM
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, today announced
that the Nasdaq Hearings Panel (the “Panel”) granted the Company’s
request to extend the stay of the suspension in trading of the
Company’s securities pending a hearing on August 10, 2017, and
issuance of a final Panel decision. As previously disclosed,
on July 7, 2017, the Company appealed to the Panel against the
Nasdaq Staff’s delisting determination dated June 30, 2017 and the
Panel has scheduled a hearing on August 10, 2017. At the
hearing, the Company must demonstrate its ability to regain
compliance with the particular deficiencies cited by the Nasdaq
Staff in its delisting determination, as well as its ability to
sustain long-term compliance with all applicable maintenance
criteria.
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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