SPI Energy Enters into an Amendment to Convertible Promissory Note
March 23 2020 - 4:30AM
SPI Energy Co., Ltd. ("SPI Energy" or the "Company") (NASDAQ: SPI),
a global provider of green energy solutions for business,
residential, government, utility customers, and investors, today
announced that it repaid $150,000 to Iliad Research & Trading,
L.P. (“Investor”) on March 19, 2020 related to a Security Purchase
Agreement (“SPA”) from May 2019.
Under the terms of the original SPA, SPI Energy issued the
Investor a Convertible Promissory Note dated May 28, 2019 in the
principal amount of $1,331,500 (“Note”). With this latest payment,
the Company has repaid $450,000 of the Note. The Investor may
redeem up to $200,000.00 per calendar month of the remaining
balance of the Note.
About SPI Energy Co., Ltd.
SPI Energy is a global provider of photovoltaic (“PV”) solutions
for business, residential, government and utility customers and
investors. The Company develops solar PV projects that are either
sold to third party operators or owned and operated by the Company
for selling of electricity to the grid in multiple countries in
Asia, North America and Europe. The Company’s subsidiary in
Australia primarily sells solar PV components to retail customers
and solar project developers. The Company has its operating
headquarter in Hong Kong and its U.S. office in Santa Clara,
California. The Company maintains global operations in Asia,
Europe, North America and Australia.
For investors and media inquiries please contact: SPI Energy
Co., Ltd. IR Department Email: ir@spigroups.com
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