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Stock impact report

SPI Energy Co., Ltd. Announces Receipt of Nasdaq Notice Tolling Compliance Period

SPI Energy Co., Ltd. - Ordinary Shares (SPI) 
US:NYSE Investor Relations: investors.spisolar.com
Company Research Source: GlobeNewswire
HONG KONG and SANTA CLARA, Calif., April 21, 2020 (GLOBE NEWSWIRE) -- SPI Energy Co., Ltd. ("SPI Energy" or the "Company") (NASDAQ: SPI), a global provider of green energy solutions for business, residential, government and utility customers and investors, today announced that it received an additional notification letter (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (“Nasdaq”) on April 17, 2020 indicating that the Company will have 156 calendar days from July 1, 2020, or until December 3, 2020 to regain compliance with the Nasdaq’s market value of publicly held shares (“MVPHS”) requirement.  The Notice stated that Nasdaq has determined to toll the compliance periods for bid price and MVPHS requirements (collectively, the "Price-based Requirements") through June 30, 2020. As a result, companies presently in compliance periods for any Price-based Requirements will remain at that same stage of the process and will not be subject to being Show less Read more
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