14/09/2018 09:30:00

SPI Energy Co., Ltd. Announces Receipt of Nasdaq Delisting Determination

HONG KONG, Sept. 14, 2018 (GLOBE NEWSWIRE) -- SPI Energy Co., Ltd. ("SPI Energy" or the "Company") (NASDAQ: SPI), a global provider of renewable energy solutions and cryptocurrency miner hosting services for business, residential, government and utility customers and investors, today announced that it received a Delisting Determination (the “Determination”) from the Listing Qualifications Department of The Nasdaq Stock Market, Inc. (“Nasdaq”) on September 11, 2018, indicating that, as a result of failure of the Company to meet the minimum bid price requirement set forth in Rule 5450(a)(1) of the Nasdaq Listing Rules, unless the Company requests an appeal of the Determination, trading of the Company’s Ordinary Shares (“OSs”) will be scheduled for delisting from Nasdaq at the opening of business on September 20, 2018, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company’s securities from listing and registration on Nasdaq.

Nasdaq also advised the Company that the failure of the Company to file its Form 20-F for the year ended December 31, 2017 also serves as additional and separate basis for delisting pursuant to Rule 5250(c)(1) of the Nasdaq Listing Rules.

The Company plans to timely submit a request for hearing to a Hearings Panel of Nasdaq (the “Panel”). A request for a hearing regarding a delinquent filing will keep the suspension of the Company’s OSs for a period of 15 days from the date of the request. The Panel may or may not grant the Company a stay beyond that period based on the Company’s specific request for a further stay. Hearings are typically scheduled to occur approximately 30-45 days after the date of the hearing request. At the hearing, the Company plans to present its plan to regain compliance with the Nasdaq listing rules and to request the continued listing of its OSs on Nasdaq pending such compliance. There can be no assurance that the Panel will grant the Company’s requests.

About SPI Energy Co., Ltd.

SPI Energy Co., Ltd. is a global provider of renewable energy solutions and cryptocurrencies miner hosting service 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, B2B e-commerce platform offering a range of PV, storage products in Australia as well as online platform (Umining.io) offering global VIP miner hosting service. 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: https://investors.spisolar.com

For investors and media inquiries please contact:

SPI Energy Co., Ltd.

IR Department

Email: ir@spigroups.com

Source: SPI Energy Co., Ltd.

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
19 Sep
 
Jeg har været med som skribent her på EI siden 2012 og jeg har haft mange gode øjeblikke ved at være..
63
20 Sep
VWS
Vestas aktien fylder en del i min portefølje, hvorfor jeg følger den tæt. Jeg var dog selv tidligere..
35
22 Sep
DANSKE
Er det ikke tænkevækkende i disse dage at være vidne til vores politikere, der berettiget forarges o..
31
20 Sep
 
Danmark forærer 12mia kr væk til svindlere - med hjælp fra et par fordrukne ansatte i skat. Så stort..
23
23 Sep
DANSKE
Danske har intet lært. Ikke af finanskrisen, ikke af skattely sager, ikke af panama sager. De har ty..
22
24 Sep
TEVA
Dansk Aktionaerforening gjorde et lille scoop og fik Kaare Schultz til at deltage i InvestorDagen i ..
19
24 Sep
VWS
MHI Vestas turbine platform can scale up to GE's 12 MW rival: CEO https://www.reuters.com/article/us..
18
25 Sep
DANSKE
Danske Bank sagen er ganske enkelt - gå efter bolden: 1. Den estiske afdeling af Danske Bank har for..
16
20 Sep
DANSKE
Erhversministeren mener at hvidvaskskandalen er "en af de største skandaler i danmarkshistorien" og ..
16
21 Sep
DANSKE
Desværre har pressen og visse politikere dømt i en sag for at mele deres kager.  Hvis man har fulgt ..
14

HSBC Bank Plc : Form 8.5 (EPT/RI) - Lonmin PLC

22/02/2018 10:54:53
FORM 8.5 EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Name of exempt principal trader: HSBC BANK PLC (b) Name of offeror/offeree i..

Rathbone Brothers Plc : Preliminary announcement of 2017 results

22/02/2018 07:00:19
Funds under management up 14.3% to £39.1 billionThis is a preliminary statement of annual results published in accordance with FCA Listing Rule 9.7A. It covers the year ended 31 December 2017. Mark Nicholls, Chairman of Rathbone Brothers Plc, said: "UK and global investment markets performed well in 2017, with some indices reaching record levels towards the end of the year. This outcome has b..

Elliott Capital Advisors, L.P : Form 8.3 - GKN Plc

Related news
21/02/2018 15:25:10
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: Elliott Capital Advisors, L.P. (for itself and related general partners ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Viracta Announces Scientific Advisory Board Formation
2
Payment Security Compliance drops for the first time in six years, states Verizon’s 2018 Payment Security Report
3
Motif Bio Reports Half-Year 2018 Financial Results and Operational Progress
4
Boskalis to reduce CO2 emissions by using sustainable biofuel on Borssele renewable energy project
5
Barefoot Networks Announces P4 Studio™ - Next-Generation Software Development Environment

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Berlingske Media 2018  Cookie- and Privacy policy  |  Cookies  |   General terms of trade  |   Terms of use and IP rights
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
26 September 2018 02:50:19
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20180919.1 - EUROWEB2 - 2018-09-26 03:50:19 - 2018-09-26 02:50:19 - 1000 - Website: OKAY