Nasdaq also advised the Company that the failure of the Company to file its Form 20-F for the year ended
The Company plans to timely submit a request for hearing to a Hearings Panel of Nasdaq (the “Panel”). A request for a hearing regarding a delinquent filing will keep the suspension of the Company’s OSs for a period of 15 days from the date of the request. The Panel may or may not grant the Company a stay beyond that period based on the Company’s specific request for a further stay. Hearings are typically scheduled to occur approximately 30-45 days after the date of the hearing request. At the hearing, the Company plans to present its plan to regain compliance with the Nasdaq listing rules and to request the continued listing of its OSs on Nasdaq pending such compliance. There can be no assurance that the Panel will grant the Company’s requests.
About SPI Energy Co., Ltd.
SPI Energy Co., Ltd. is a global provider of renewable energy solutions and cryptocurrencies miner hosting service for business, residential, government and utility customers and investors. SPI Energy focuses on the EPC/BT, storage and O2O PV market including the development, financing, installation, operation and sale of utility-scale and residential PV projects in China, Japan, Europe and North America. The Company operates an online energy e-commerce and investment platform in China, B2B e-commerce platform offering a range of PV, storage products in Australia as well as online platform (Umining.io) offering global VIP miner hosting service. The Company has its operating headquarters in Hong Kong and maintains global operations in Asia, Europe, North America and Australia.
For additional information, please visit: http://investors.spisolar.com
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SPI Energy Co., Ltd.
Source: SPI Energy Co., Ltd.