---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-007322"
form_type: "8-K"
ticker: null
cik: "0001210618"
company_name: "SPI Energy Co., Ltd."
filed_at: "2023-10-20T23:59:59+00:00"
generated_at: "2026-06-09T18:08:30.964081+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# SPI Energy receives Nasdaq deficiency notice for minimum bid price non-compliance

## Summary
- 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.

## SEC filing metadata
- accession: 0001683168-23-007322
- form_type: 8-K
- cik: 0001210618
- company_name: SPI Energy Co., Ltd.
- filed_at: 2023-10-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1210618/000168316823007322/0001683168-23-007322-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1210618/000168316823007322/spi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-007322
- JSON: https://secwatch.observer/filing/0001683168-23-007322.json
- Plain text: https://secwatch.observer/filing/0001683168-23-007322.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1210618/000168316823007322/0001683168-23-007322-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.