SPI Energy Co., Ltd. Announces Completion of $7.6 Million Private Placement

SPI Energy Co., Ltd. ("SPI Energy" or the "Company") (NASDAQ: SPI), a global provider of renewable energy solutions and crypto-miner hosting services for residential, commercial and utility customers, today announced the completion of the $7.6 million private placement that was announced in January 2019. An aggregate of 6,600,000 shares were issued in the private placement, and no commissions or fees were paid in connection with the issuance of the ordinary shares.  The net proceeds are expected to be used for expansion of SPI's global PV project activities and for working capital purposes.

About SPI Energy Co., Ltd.

SPI Energy Co., Ltd. is a global provider of renewable energy solutions and crypto-miner hosting services for residential, commercial and utility customers. SPI Energy focuses on the EPC/BT, and storage markets including the development, financing, installation, operation and sale of utility-scale and residential PV projects in Japan, Europe and North America. The company operates a B2B E-Commerce platform offering a range of PV, storage products in Australia as well as a turnkey solution (umining.io) offering global crypto-mining training, sale, hosting and repair service. The Company has its operating headquarters in Hong Kong and Santa Clara, California and maintains global operations in Asia, Europe, North America and Australia.

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SPI Energy Co., Ltd.

IR Department

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Source: SPI Energy Co., Ltd.