TerraForm Power, Inc. (NASDAQ:TERP) 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.
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 February 26, 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 9, TerraForm Power Announces
Receipt of Nasdaq Letter, 2017, titled TerraForm Power Announces Receipt of Nasdaq Letter |
About TerraForm Power, Inc. (NASDAQ:TERP)
TerraForm Power, Inc. is a diversified owner of clean power generation assets in developed markets. This includes solar and wind assets located in the United States, Canada, the United Kingdom and Chile. The Company’s 2,967 megawatts renewable energy portfolio enables power production around the clock. TerraForm Power, Inc. (NASDAQ:TERP) Recent Trading Information
TerraForm Power, Inc. (NASDAQ:TERP) closed its last trading session up +0.10 at 12.21 with 1,077,184 shares trading hands.
