Spi Energy Co, LTD
Market Movers (8-K)
SPI Energy Co., Ltd. has been placed into official liquidation by the Grand Court of the Cayman Islands, with Joint Official Liquidators appointed.
Worse than expected
8-K: SPI Energy Amends Settlement Agreement with Streeterville Capital, Outlines Staged Payment Plan
SPI Energy Co., Ltd. and Streeterville Capital, LLC agree to a fifth addendum to their Deed of Settlement, modifying the payment schedule for a $2.1 million trigger payment.
Worse than expected
Delay expected
Maurice Wai-fung Ngai, an independent director of SPI Energy, resigned due to concerns over the company's cash flow, governance, and compliance issues.
Delay expected
Worse than expected
SPI Energy Co., Ltd. received a notification from Nasdaq regarding the delisting of its shares due to non-compliance with listing rules, including delinquency in SEC filings and failure to meet the minimum bid price requirement.
Worse than expected
Delay expected
SPI Energy Co., Ltd. has reached a settlement with SINSIN, resolving a long-standing dispute and reintegrating eight solar projects into its portfolio.
Better than expected
Delay expected
Capital raise
SPI Energy Co., Ltd. has received a delisting determination from Nasdaq due to the company's failure to file its Form 10-Q for the period ended September 30, 2024.
Worse than expected
Delay expected