SPI Energy Co., Ltd. Announces Receipt of Nasdaq’s Compliance Letter
May 24 2019 - 8:05AM
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 (the “Letter”) from the
Hearings Panel (the "Panel") of The Nasdaq Stock Market Inc.
(“Nasdaq”) on May 22, 2019 confirming that the Company has regained
compliance with the minimum market value of publicly held shares
rule, and is in compliance with other applicable requirements
required for listing on Nasdaq.
As previously announced on December 17, 2018,
the Company received a letter from Nasdaq indicating that the
Company was not in compliance with NASDAQ Listing Rule
5450(b)(3)(C) (the “Rule”) for continued listing because the market
value of its publicly held shares was less than $15 million.
Following a hearing that was held on January 24,
2019, on February 7 2019, the Panel granted the Company's request
for continued listing provided that, among other things, the
Company demonstrated compliance with the Rule for ten consecutive
trading days on or before May 17, 2019.
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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