SPI Energy Completes Private Placement of Ordinary Shares Totaling US$ 1.16 Million

Dec 23, 2022

MCCLELLAN PARK, CA / ACCESSWIRE / December 23, 2022 / SPI Energy Co., Ltd., (NASDAQ:SPI) (the "Company"), a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers, today announced the entry into of purchase agreements ("the Agreements") with Chief Operating Officer of the Company and LDK New Energy Holding Limited, an entity affiliated with the Company's Chief Executive Officer(collectively, the "Purchasers") to issue and sell 1,150,000 ordinary shares of the Company (the "Shares") to the Purchasers at a price of US$1.01 per share, representing the closing price of the Company's Ordinary Shares reported on Nasdaq on December 22, 2022, multiplying by 1.2 times, for a total consideration of approximately US$1,161,500 (the "Private Placement"). In addition, the Purchasers are subject to a two years lock-up period after the closing of the Private Placement.

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