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SPI Energy Issues $2.2M Convertible Promissory Note with $1.10/ Share Conversion Price

Author: Benzinga Newsdesk | November 29, 2023 04:49am

SPI Energy Co., Ltd., (NASDAQ:SPI) (the "Company"), a global renewable energy company and provider of solar storage solutions for business, residential, government, logistics and utility customers, today announced that on November 27, 2023, it issued a $2.2 million 5% Convertible Promissory Notes ( the" Notes") to Palo Alto Clean Tech Holding Limited, an entity affiliated with the Company's Chief Executive Officer, Chief Operating Officer, and Chief Financial Officer (collectively, the "Investors").

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