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

0

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.

On March 20, 2017, TerraForm Power, Inc. (the Company) received 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.
Item 7.01. Regulation FD Disclosure.
On March 21, 2017, the Company issued a press release announcing
the granting of the extension. A copy of the press release is
furnished herewith as Exhibit 99.1.
In accordance with General Instruction B.2 of Form 8-K, the press
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.
Cautionary Note Regarding Forward-Looking Statements. Except for
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.
Item 9.01 Financial Statement and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.1
Press release, dated March 21, 2017, titled TerraForm
Power Announces Extension Until June 30, 2017 to Regain
Nasdaq Compliance


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 +0.16 at 12.66 with 483,126 shares trading hands.