TerraForm Power announces receipt of Nasdaq letter
TerraForm Power announced that on August 10, it received a notification letter from a Senior Director of Nasdaq Listing Qualifications. The Notification Letter stated that because the company has not yet filed its Form 10-Q for the quarter ended June 30, 2017, this serves as an additional basis for delisting the company's securities from the Nasdaq Stock Market under Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports with the SEC. The Notification Letter has no immediate effect on the listing of the Company's Class A common stock on the Nasdaq Global Select Market. The Company continues to work to regain compliance with Nasdaq's continued listing requirements as soon as practicable. However, there can be no assurance that the Company will file its Forms 10-Q for the first and second quarters of 2017 and regain compliance with Nasdaq's continued listing requirements on or before the respective deadlines.