TerraForm Global, Inc. (NASDAQ:GLBL) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing.
a notification letter from a Director of Nasdaq Listing
Qualifications (the Notification Letter). The Notification Letter
stated that because the Company has not yet filed its Form 10-K
for the year ended December 31, 2016 (the 2016 10-K), the Company
is not in compliance with Nasdaq Listing Rule 5250(c)(1), which
requires timely filing of periodic reports with the Securities
and Exchange Commission.
Company filed its Form 10-Q for the period ended September 30,
2016, and as a result regained compliance with Listing Rule
5250(c)(1). The Notification Letter also noted that, per listing
Rule 5815(c)(1)(F), the Nasdaq Hearings Panel may grant the
Company an exception period not to exceed 360 days from the due
date of the 2016 10-K, or March 12, 2018. The Notification Letter
has no immediate effect on the listing of the Companys common
stock on the Nasdaq Global Select Market.
the receipt of the Notification Letter. A copy of the press
release is furnished as Exhibit 99.1 to this Report.
release is deemed to be furnished and shall not be deemed filed
for the purpose of Section 18 of the Securities Exchange Act of
1934, as amended, or otherwise subject to the liabilities of that
section, nor shall such information and Exhibit be deemed
incorporated by reference in any filing under the Securities Act
of 1933, as amended, or the Securities Exchange Act of 1934, as
amended.
historical information contained in this Form 8-K and the press
release attached as an exhibit hereto, this Form 8-K and the
press release contain forward-looking statements which involve
certain risks and uncertainties that could cause actual results
to differ materially from those expressed or implied by these
statements. Please refer to the cautionary note in the press
release regarding these forward-looking statements.
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Exhibit No.
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Description
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99.1
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Press release, dated March 17, 2017, titled TerraForm
Global Announces Receipt of Nasdaq Letter |
About TerraForm Global, Inc. (NASDAQ:GLBL)
TerraForm Global, Inc. is a renewable energy company. The Company owns and operates clean energy power plants. The Company’s segments include Solar, Wind and Corporate. The Company serves a range of utility, commercial, industrial, residential and government customers through energy production with over 40 projects across approximately 70 sites in various markets. The Company’s projects include Brakes, ESP Urja, Boshof, Silverstar Pavilion, NSM Sitara, Dunhuang, Salvador, Hanumanhatti, Focal, Alto Cielo, Witkop and others. The Company’s over 917 megawatts (MW) portfolio enables around the clock energy production. The Company’s solar and wind projects are located across various regions, including Brazil, India, South Africa, China, Thailand, Malaysia and Uruguay. The Company is a subsidiary of SunEdison, Inc. The Company’s subsidiaries include TerraForm Global, LLC and TerraForm Global Operating, LLC. TerraForm Global, Inc. (NASDAQ:GLBL) Recent Trading Information
TerraForm Global, Inc. (NASDAQ:GLBL) closed its last trading session down -0.10 at 4.80 with 3,527,235 shares trading hands.