SPI Energy Co., Ltd. Announces Private Placements
October 12 2017 - 7:30AM
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 it has entered into share purchase agreements with each of
Qian Kun Prosperous Times Investment Limited and
Alpha Assai fund SP of Sunrise SPC. The
share purchase agreements provide, among other things, that
Qian Kun Prosperous Times Investment Limited and
Alpha Assai fund SP of Sunrise SPC will purchase
80,000,000 and 240,000,000 ordinary shares of the Company
respectively, for a total consideration of US$33,920,000, subject
to the terms and conditions of the respective share purchase
agreement, including a lock-up for 90 days from the closing date of
the contemplated transactions, or such other time or on such other
date that is agreed upon in writing by both parties. The
consummation of these transactions are also subject to customary
closing conditions.
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
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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