SPI Energy Co., Ltd.: Nasdaq/NYSE listing notice — SPI Energy receives Nasdaq delisting notice; will not appeal, shares to trade OTC

SPI Energy Co., Ltd.

Nasdaq notified SPI Energy of delisting on Jan 13, 2025, effective at open Jan 15, 2025.
Delisting due to bid price below $1 for 30 consecutive days and failure to file SEC reports since FY2023 10-K.
Company also failed to hold annual shareholder meeting in 2024 as required.
Company has decided not to appeal the delisting determination.
Management expects shares to continue trading on OTC market.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.99

SPI Energy Co., Ltd. received a nasdaq delisting notice notice regarding other (rules 5250(c)(1), 5550(a)(2)).

Exchange: nasdaq
Notice: delisting notice
Rules: 5250(c)(1), 5550(a)(2)

Exact text from the filing

January 13, 2025, SPI Energy Co., Ltd., a Cayman Islands company (the “Company”), received a notification letter (the “Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the Nasdaq hearings panel had determined to delist the Company’s shares from The Nasdaq Capital Market, due to the Company’s violation of Listing Rules 5250(c)(1) and 5550(a)(2), the “Bid Price Requirement” and “Annual Shareholder Meeting” Rules. The Letter stated that the Hearing Panel has determined to delist the Company’s shares from Nasdaq and trading in the Company’s securities will be suspend

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Source: SEC EDGAR

accession 0001683168-25-000353

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