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

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

Story continues below

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing.

On June 29, 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 further extensions
to regain compliance with Nasdaqs continued listing requirements.
Under these extensions, the Companys Class A common stock will
remain listed on the Nasdaq Stock Market, subject to the
requirement that the Companys Form 10-K for the year ended
December 31, 2016 be filed with the Securities and Exchange
Commission (the SEC) by July 24, 2017, its annual meeting of
stockholders be held by August 24, 2017, its Form 10-Q for the
first quarter of 2017 be filed with the SEC by August 30, 2017
and its Form 10-Q for the second quarter of 2017 be filed with
the SEC by September 30, 2017.
In addition, the Company is required to provide the Panel, by
July 10, 2017, certain additional information regarding the
status of the audit of the Companys financial statements for the
fiscal year ended December 31, 2016. The Panel may reconsider the
terms of the above extensions following its review of this
additional information or based on any other relevant event,
condition or circumstance. The Nasdaq Listing and Hearing Review
Council may also determine to review the Panels decision.
Item 7.01 Regulation FD Disclosure.
On June 30, 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 June 30, 2017, titled TerraForm
Power Announces Extensions to Regain Nasdaq Compliance



TerraForm Power, Inc. Exhibit
EX-99.1 2 exhibit991nasdaqextensionj.htm EXHIBIT 99.1 Exhibit Exhibit 99.1TerraForm Power Announces Extensions to Regain Nasdaq ComplianceBETHESDA,…
To view the full exhibit click here
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.

An ad to help with our costs