SPI Energy announces Nasdaq's determination letter
SPI Energy announced that it received a letter from The Nasdaq Stock Market LLC stating that the Nasdaq Hearings Panel has granted the company's request for continued listing provided that, among other things, the company demonstrates compliance with the minimum $15M 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. 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.