STAMFORD, Conn., April 19,
2024 /PRNewswire/ -- Emeren Group Ltd ("Emeren"
or the "Company") (www.emeren.com) (NYSE: SOL), a leading global
solar project developer, owner, and operator, today announced that
on April 17, 2024, it received a
notice from the New York Stock Exchange (NYSE) indicating
non-compliance with the NYSE's continued listing requirements due
to the delayed filing of its Annual Report on Form 10-K for the
fiscal year ended December 31, 2023.
This notification, while highlighting the need for timely filings
under Section 802.01E of the NYSE Listed Company Manual, does not
immediately affect the listing of Emeren's common stock.
The NYSE has provided Emeren a six-month period, until
October 16, 2024, to file the Form
10-K and regain compliance. There is a possibility for an extension
of up to six additional months, depending on the Company's progress
and specific circumstances. The NYSE may also initiate delisting
procedures if deemed necessary.
Emeren previously reported in its Notification of Late Filing on
Form 12b-25, filed on March 29, 2024,
that additional resources and efforts were essential to complete
its financial reporting and close procedures for the fiscal year
2023. This necessity arose primarily because the Company was
notified by its independent registered public accounting firm of
their decision to resign, which was disclosed in a Form 8-K filed
on April 2, 2024. As a result of
transitioning to a new independent registered public accounting
firm, the Company was unable to file its Annual Report on Form 10-K
for the fiscal year ended December 31,
2023, by the end of the extension period on April 16, 2024. The Company continues to
prioritize the completion of the new auditor placement as swiftly
as possible and currently anticipates filing the Form 10-K within
the allotted six-month period.
About Emeren Group Ltd.
Emeren Group Ltd (NYSE: SOL), a renewable energy leader,
showcases a comprehensive portfolio of solar projects and
Independent Power Producer (IPP) assets, complemented by a
significant global Battery Energy Storage System (BESS) capacity.
Specializing in the entire solar project lifecycle — from
development through construction to financing — we excel by
leveraging local talent in each market, ensuring our sustainable
energy solutions are at the forefront of efficiency and impact. Our
commitment to enhancing solar power and energy storage underlines
our dedication to innovation, excellence, and environmental
responsibility. For more information, go to www.emeren.com.
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SOURCE Emeren