SPI Energy ordered into official liquidation by Cayman court; JOLs appointed

SPI Energy Co., Ltd.

Joint Official Liquidators (JOLs) Graham Robinson and James Parkinson of Crowe Cayman Ltd. appointed effective July 22, 2025.
Powers of directors ceased; JOLs control all business, property, and operations.
Nasdaq suspended SPIEF trading Jan 15, 2025; share transfers now require Cayman Court validation.
JOLs investigating finances; ordinary shareholders rank behind unsecured creditors under Cayman law.

item 1.03 item 9.01

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