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OFFON

SPI ENERGY CO., LTD.

(SPI)
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SPI Energy Shares Rise 10% After Promissory Note Issued to Streeterville Capital

11/17/2021 | 12:46pm EST

By Chris Wack

SPI Energy Co. Ltd. shares were up 10% to $6.79 after the company said it issued a $4.21 million 10% convertible promissory note to Streeterville Capital LLC, a Utah limited liability company.

The company said the convertible promissory note, which was approved by SPI's board of directors, bears interest at the rate of 10% per annum and has a maturity date of Nov. 11, 2022.

All or any portion of the note is convertible into ordinary shares of SPI at a conversion price of $20 a share. The convertible promissory note was issued in a private placement.

Volume for the stock was 14.1 million shares at 12:25 p.m. EST, compared to its 65-day average volume of 721,000 shares.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

11-17-21 1246ET

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Analyst Recommendations on SPI ENERGY CO., LTD.
More recommendations
Financials (USD)
Sales 2021 197 M - -
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 70,8 M 70,8 M -
Capi. / Sales 2021 0,36x
Capi. / Sales 2022 0,23x
Nbr of Employees 78
Free-Float 68,8%
Chart SPI ENERGY CO., LTD.
Duration : Period :
SPI Energy Co., Ltd. Technical Analysis Chart | SPI | KYG8651P1101 | MarketScreener
Technical analysis trends SPI ENERGY CO., LTD.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 2,94 $
Average target price 12,00 $
Spread / Average Target 308%
Managers and Directors
Xiao Feng Peng Chairman & Chief Executive Officer
Janet Jie Chen Chief Financial Officer
Ronald V. Iacobelli Chief Technology Officer
Hoong Khoeng Cheong Chief Operating Officer & Director
Wai Fung Ngai Independent Director
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