SPI Energy Co., Ltd.: Nasdaq/NYSE listing notice — SPI Energy transfers to Nasdaq Capital Market; gets second 180-day bid price compliance period until Oct 14, 2024

SPI Energy Co., Ltd.

Transfer from Nasdaq Global Select to Nasdaq Capital Market effective Apr 25, 2024; symbol remains SPI.
Second 180-day compliance period for minimum $1.00 bid price runs through Oct 14, 2024.
Company must show closing bid at $1.00+ for 10 consecutive business days to regain compliance.
Company disclosed it may effect a reverse stock split to cure the bid price deficiency.
If not compliant by Oct 14, 2024, shares face delisting; Company may appeal to Nasdaq Hearings Panel.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

SPI Energy Co., Ltd. received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

April 25, 2024. The transfer is not expected to impact trading in the Ordinary Shares, which will continue to trade on Nasdaq under the symbol “SPI.” As previously announced, on October 19, 2024, the Staff notified the Company that the bid price for the Ordinary Shares had closed below $1.00 per share for 30 consecutive business days and, as a result, the Company no longer satisfied Nasdaq Listing Rule 5450(a)(1), the minimum bid price requirement applicable to The Nasdaq Global Select Market issuers. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company was afforded an initial 180-calend

View on SEC.gov

Browse all listing & compliance notices →

Source: SEC EDGAR

accession 0001683168-24-002698

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.