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SPI Energy Co ( (SPIEF) ) has provided an announcement.
On January 15, 2025, Maurice Wai-fung Ngai, an independent director and chairman of various committees at SPI Energy Co., Ltd., announced his resignation effective January 16, 2025, citing ongoing cash flow issues. His resignation comes as the company faces challenges such as failing to address material weaknesses, not maintaining adequate D&O insurance, not paying expenses on time, and non-compliance with reporting obligations, leading to the suspension of trading of its securities on Nasdaq.
More about SPI Energy Co
YTD Price Performance: -62.50%
Average Trading Volume: 5,883,969
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.06M
Find detailed analytics on SPIEF stock on TipRanks’ Stock Analysis page.