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 Hearings Advisor from the Nasdaq
Office of General Counsel informing the Company that the Nasdaq
Hearings Panel (the Panel) granted the Company an extension until
June 30, 2017 to regain compliance with Nasdaqs continued listing
requirements with respect to its Form 10-K for the year ended
December 31, 2016 (the 2016 10-K), its Form 10-Q for the first
quarter of 2017 (the 1Q17 10-Q) and its delinquency in holding
its annual meeting during the year ended December 31, 2016 (the
2016 Annual Meeting). The Panel reserved the right to reconsider
the terms of the extension and the Nasdaq Listing and Hearing
Review Council may determine to review the Panels decision. The
Company has not yet held the 2016 Annual Meeting, has not filed
the 2016 10-K and does not expect to be able to file the 1Q17
10-Q by the Securities and Exchange Commission deadline of May
10, 2017.
the granting of the extension. A copy of the press release is
furnished herewith as Exhibit 99.1.
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 21, 2017, titled TerraForm
Global Announces Extension Until June 30, 2017 to Regain Nasdaq Compliance |
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 00.00 at 4.90 with 1,851,837 shares trading hands.