SPI Energy closes previously announced $ 35.0 million registered direct placement
SANTA CLARA, CA / ACCESSWIRE / December 7, 2020 / SPI Energy Co., Ltd., (NASDAQ: SPI) (the “Company”, “we” or “SPI”), a global renewable energy company and provider of photovoltaic (PV) and electric vehicle (EV) solutions ) for residential, government, logistics and utilities businesses, customers and investors, today announced the closing on December 7, 2020 of its previously announced registered direct offering of approximately 3.5 million common shares and warrants to purchase approximately 3.5 million common shares, at a purchase price of $ 10.02 per share and the corresponding warrant, for gross proceeds of approximately 35.0 million dollars. The warrants are exercisable immediately on the date of issue and have an exercise price of $ 10.50. The warrants will expire 5 years from the date of issue.
Maxim Group LLC (“Maxim”) acted as principal placement agent, and Roth Capital Partners and Kingswood Capital Markets, a division of Benchmark Investments, Inc. acted as co-placement agent in connection with this offer.
The securities described above were offered by the Company in accordance with a prior registration statement on Form F-3 filed with the Securities and Exchange Commission (the “SEC”), dated August 3, 2020, as amended on September 28, 2020 and declared effective September 30, 2020. A prospectus supplement relating to the Offer has been filed with the SEC and is available on the SEC’s website at http: //www.sec. gov. Copies of the prospectus supplement relating to the offering can be obtained, when available, by contacting: Maxim Group LLC, 405 Lexington Avenue, 2sd Floor, New York, NY 10174, by phone: at (212) 895-3500.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be. illegal before registration or qualification under the securities laws of that state or jurisdiction.
About SPI Energy
SPI Energy Co., Ltd. (SPI) is a global renewable energy company and provider of photovoltaic (PV) and electric vehicle (EV) solutions to commercial, residential, government, logistics and utility customers and investors. The Company provides a full range of EPC services to third party project developers, as well as develops, owns and operates solar projects that sell electricity to the grid in several countries, including the United States, United Kingdom, Greece, Japan and Italy. The company is headquartered in the United States in Santa Clara, California, and maintains global operations in Asia, Europe, North America and Australia. SPI is also targeting strategic investment opportunities in green industries such as battery storage and charging stations, leveraging the Company’s expertise and the growing cash flow base from solar projects and financing the development of projects in agriculture and other markets with significant growth potential.
For more information on SPI Energy and its subsidiaries, the Company recommends that shareholders, investors and any other interested party read the Company’s public documents and press releases available in the Investor Relations section at www. SPIgroups.com or available at www.sec.gov.
This press release contains forward-looking statements, as that term is defined in the Private Litigation Reform Act of 1995, that involve significant risks and uncertainties. Forward-looking statements can be identified by the use of words such as may “,” may “,” intend to “,” should “,” may “,” may “,” would “,” continue “,” expect “,” believe “,” anticipate “,” estimate “,” predict “,”,, “of d Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect the current expectations of the Company and are only valid as of the date of this press release. Actual results may differ materially from the Company’s current expectations depending on a number of factors. These factors include, among others, the coronavirus (COVID-19) and the effects of the epidemic and the measures taken in this regard, adverse changes in general economic and market conditions, competitive factors, including , but not limited to, pricing pressures and new product introductions, uncertainty of customer acceptance of a new product t offerings and market changes, risks associated with management growth of the business; and other risks and uncertainties that are described in the “Risk Factors” section of the Company’s annual report filed on Form 20-F filed with the Securities and Exchange Commission. Except as required by law, the Company assumes no responsibility for revising or updating forward-looking statements.
SPI Energy Co., Ltd.
Email: [email protected]
Telephone: (407) 491-4498
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