SPI Energy Co., Ltd.: Nasdaq/NYSE listing notice — SPI Energy receives Nasdaq deficiency notice for minimum bid price non-compliance

SPI Energy Co., Ltd.

Received Deficiency Letter on Oct 19, 2023; bid price below $1.00 for 30 consecutive business days.
Must regain compliance with Minimum Bid Price Requirement by April 16, 2024, per Nasdaq rules.
If not compliant, may seek second compliance period by submitting transfer application, $5,000 fee, and reverse stock split if needed.
Deficiency notice has no immediate impact on listing; shares continue trading on Nasdaq Global Select Market.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

SPI Energy Co., Ltd. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1), 5810(c)(3)(A)

Exact text from the filing

October 19, 2023, SPI Energy Co., Ltd., a Cayman Islands company (the “Company”) received a notice in the form of a letter (“Deficiency Letter”) from the Nasdaq Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company was not in compliance with Nasdaq Listing Rule 5450(a)(1) because the bid price for the Company’s ordinary shares had closed below $1.00 per share for the previous 30 consecutive business days (the “Minimum Bid Price Requirement”). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been given 180 calenda

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Source: SEC EDGAR

accession 0001683168-23-007322

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