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Stock impact report

SPI Energy Co., Ltd. Enters into Share Purchase Agreements for $7.6 Million Private Placement

SPI Energy Co., Ltd. - Ordinary Shares (SPI) 
US:NYSE Investor Relations: investors.spisolar.com
Company Research Source: GlobeNewswire
HONG KONG and SANTA CLARA, Calif., Jan. 17, 2019 (GLOBE NEWSWIRE) -- 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 the entry into share purchase agreements ("the Agreements") with certain existing shareholders (including certain key management personnel of the Company) and other investors (collectively, the "Purchasers"), to purchase an aggregate of 6,600,000 ordinary shares of the Company (the "Shares") at a price of US$1.16 per Share, for a total consideration of approximately US$7.6 million. The outside closing date is April 14, 2018. The Shares are being offered and sold solely to non-U.S. investors, on a private placement basis in reliance on Regulation S promulgated under the U.S. Securities Act of 1933, as amended. The completion of the above transaction is subject to the satisfaction of customary closing c Show less Read more
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