Solar Power, Inc. (SOPW) - OTCQB
  • Nov. 30, 2015, 6:40 PM
    • Solar Power Inc. (OTCQB:SOPW -2.1%) and SPI Energy (its wholly owned subsidiary) have gotten shareholder approval for a merger and reorganization of the company in the Cayman Islands.
    • The deal should be effective Dec. 31. SPI Energy will become the parent company of the SPI group of companies.
    • The firm expects that SPI Energy will list American Depositary Shares on OTC markets as a foreign private issuer as of Jan. 4.
    • For every 10 shares issued and outstanding in SOPW acquired before 3 p.m. ET Nov. 5 will be converted into a right to receive one ADS, while shares acquired after that time will receive SPI Energy ordinary shares.
    | Nov. 30, 2015, 6:40 PM
Company Description
Solar Power, Inc. ("SPI") and its subsidiaries (collectively the "Company") is a provider of PV solutions for business, residential, government and utility customers and investors. The Company provides a full spectrum of EPC services to third party project developers, as well as develop, own and... More
Sector: Technology
Industry: Semiconductor Equipment & Materials
Country: United States