HONG KONG and SANTA CLARA, Calif., Feb. 08, 2019 (GLOBE NEWSWIRE) -- SPI Energy Co., Ltd. ("SPI Energy" or the "Company") (SPI), a global provider of renewable energy solutions and crypto-miner hosting services for residential, commercial and utility customers, today announced that it received a letter from The Nasdaq Stock Market LLC ("Nasdaq") stating that the Nasdaq Hearings Panel (the "Panel") has granted the Company's request for continued listing provided that, among other things, the Company demonstrates compliance with the minimum $15 million market value of publicly held shares for ten consecutive trading days on or before May 17, 2019.
In addition, the Panel decision requires that the Company be able to demonstrate compliance with all requirements for continued listing on Nasdaq and that the Company provide prompt notification of any significant events that occur during the exception period (including, but not limited to, any event that may call into question the Company's ability to meet the terms of the exception granted). In the event the Company is unable to meet the above requirements, its securities may be delisted from The Nasdaq Stock Market.
The Nasdaq Listing and Hearing Review Council may review the Panel decision on its own motion, in which event it may affirm, modify, reverse or remand the decision to the Panel.
About SPI Energy Co., Ltd.
SPI Energy Co., Ltd. is a global provider of renewable energy solutions and crypto-miner hosting services for residential, commercial and utility customers. SPI Energy focuses on the EPC/BT, and storage markets including the development, financing, installation, operation and sale of utility-scale and residential PV projects in Japan, Europe and North America. The company operates a B2B E-Commerce platform offering a range of PV, storage products in Australia as well as a turnkey solution (umining.io) offering global crypto-mining training, sale, hosting and repair service. The Company has its operating headquarters in Hong Kong and Santa Clara, California and maintains global operations in Asia, Europe, North America and Australia.
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SPI Energy Co., Ltd.
Source: SPI Energy Co., Ltd.