SPI Energy Co. – Liquidity Event

Investors with interests through Cayman Islands-based vehicles in SPI Energy Co., Ltd. or its related vehicles may wish to review their investment position in light of recent developments affecting the group and the winding up order dated 22 July 2025.

SPI Energy Co., Ltd. (NASDAQ: SPI) is a global renewable energy company with business lines in solar energy, EV manufacturing, and energy storage. While the group has had periods of rapid expansion and market optimism, questions have recently emerged regarding corporate governance, financial reporting, and business continuity, all of which may impact investor value and legal rights.

Why This Matters to Cayman-Based Investors

If you are an investor in SPI Energy through:

A Cayman Islands investment vehicle (e.g., a feeder fund, segregated portfolio company, or private SPV);
A limited partnership structure established in the Cayman Islands;
Or hold shares via a Cayman-domiciled nominee or trust,
you may have specific rights under Cayman Islands law—particularly as they relate to:

Corporate governance and fiduciary duties of general partners, directors, or trustees;
Valuation disputes or redemption pricing;
Rights in a potential liquidation or restructuring scenario;
Access to information and records under the Companies Act (2025 Revision);
Potential claims for misrepresentation or mismanagement.

Key Legal Considerations

Transparency and Disclosures

Investors may be entitled to greater clarity around how underlying SPI Energy investments are being managed, valued, or reported, especially where assets are held through opaque Cayman entities.

Exit and Liquidity Events
Any attempt to delay redemptions, suspend NAV calculations, or alter fund terms may trigger legal rights or remedies under Cayman law.

Fiduciary Oversight
Directors, general partners, and administrators of Cayman-domiciled vehicles owe duties to investors. Breaches of duty may give rise to claims or protective action.

Loss Recovery and Strategy
Where investor losses are suspected to stem from mismanagement, non-disclosure, or fund-level decisions, investors may explore recovery strategies individually or on a coordinated basis.

Next Steps for Investors
If you are a Cayman-based investor—or have invested through a Cayman vehicle—into SPI Energy or related products, and have concerns regarding:

Performance,
Valuation,
Liquidity,
Governance, or
Transparency,
you may wish to seek independent legal advice tailored to your structure and rights under Cayman law.

How We Can Help
KSG is currently advising clients on investor rights and fund-related disputes in the Cayman Islands. We are available to assist with:

Reviewing fund offering documents and governing agreements;
Assessing potential breaches of duty;
Advising on available remedies, including demands for information or redemption rights;
Coordinated action with other investors where appropriate.

All enquiries are treated confidentially.

Contact Us

If you believe your investment in SPI Energy may require legal review, or if you wish to understand your rights under Cayman Islands law, please contact: Kai McGriele