SPI Energy Faces Nasdaq Compliance Hurdles and Delisting Risk

SPI Energy Co Ltd (SPI) has issued an update.

SPI Energy Co., Ltd. was notified by Nasdaq on April 19, 2024, of non-compliance due to a delay in filing their annual report for fiscal year 2023. Although the company’s stock remains listed, they have until June 18, 2024, to file the report or propose a compliance plan. If accepted, they may have until October 14, 2024, to meet the requirements, failing which their shares face delisting. The company is actively working to resolve the filing delay and has issued a press release regarding the notice received.

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