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SPI - SPI Energy down on pricing $35M registered direct offering
SPI Energy Co. Ltd.
SPI Energy (SPI) is off 4.5% premarket on pricing registered direct offering of ~3.5M ordinary shares and five-year warrants to purchase ~3.5M ordinary shares at $10.02, for gross proceeds of ~$35M.The warrants will be exercisable immediately upon the date of issuance and have an exercise price of $10.50.Offering is expected to close on December 7.