SPI Energy Announces Receipt Of Nasdaq Non-Compliance Notice
Portfolio Pulse from Benzinga Newsdesk
SPI Energy Co., Ltd. (NASDAQ:SPI) received a Nasdaq non-compliance notice for not filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, on time. The company has 60 days to file the report or submit a compliance plan to avoid delisting. The notice currently does not affect its Nasdaq listing.
April 22, 2024 | 8:02 pm
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SPI Energy received a non-compliance notice from Nasdaq for failing to file its 2023 Annual Report on time, risking delisting if not resolved within specified deadlines.
Receiving a non-compliance notice from Nasdaq is a significant negative event for any listed company, as it puts the company at risk of being delisted if compliance is not regained. This can affect investor confidence and potentially lead to a decrease in stock price in the short term. The company's acknowledgment of working diligently to complete the filing may mitigate some concerns, but the risk of delisting remains a critical factor.
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