# EDGAR Filing Document

**Accession Number:** 0001210618
**File Stem:** 0001683168-23-000535
**Filing Date:** 2023-2
**Character Count:** 42086
**Document Hash:** 39c0032767f1fcf0ab62ed148ff1f26f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683168-23-000535.hdr.sgml**: 20230203

**ACCESSION NUMBER**: 0001683168-23-000535

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 6

**FILED AS OF DATE**: 20230203

**DATE AS OF CHANGE**: 20230203

**EFFECTIVENESS DATE**: 20230203

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SPI Energy Co., Ltd.
- **CENTRAL INDEX KEY:** 0001210618
- **STANDARD INDUSTRIAL CLASSIFICATION:** SEMICONDUCTORS & RELATED DEVICES [3674]
- **IRS NUMBER:** 204956638
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-269558
- **FILM NUMBER:** 23585840

**BUSINESS ADDRESS:**
- **STREET 1:** 4803 URBANI AVE.
- **CITY:** MCCLELLAN PARK
- **STATE:** CA
- **ZIP:** 95652
- **BUSINESS PHONE:** 408 919 8000

**MAIL ADDRESS:**
- **STREET 1:** 4803 URBANI AVE.
- **CITY:** MCCLELLAN PARK
- **STATE:** CA
- **ZIP:** 95652

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Solar Power, Inc.
- **DATE OF NAME CHANGE:** 20061005

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WELUND FUND INC
- **DATE OF NAME CHANGE:** 20021216

**As filed with the Securities and Exchange Commission on February 3, 2023**

**Registration No. 333-** 

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM S-8**

**REGISTRATION STATEMENT**

***UNDER***

***THE SECURITIES ACT OF 1933***

 ****

**SPI ENERGY CO., LTD.**

**(Exact name of registrant as specified in its charter)**

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| | |
|:---|:---|
| **Cayman Islands** | **20-4956638** |
| **(State or other jurisdiction of<br> incorporation or organization)** | **(I.R.S. Employer<br> Identification No.)** |

---

**4803 Urbani Ave.**

**McClellan Park, CA 95652**

**(Address of principal executive offices, including zip code)**

**SPI Energy Co., Ltd. Amended and Restated 2015 Equity Incentive Plan**

**(Full title of the plan)**

**Xiaofeng Peng**

**4803 Urbani Ave.**

**McClellan Park, CA 95652**

**Tel: 408-919-8000**

**(Name, address and telephone number, including area code, of agent for service)**

***Copies to:***

**Mitchell S. Nussbaum, Esq.**

**Loeb & Loeb LLP**

**345 Park Avenue**

**New York, New York 10154**

**(212) 407-4000 - Telephone**

**(212) 407-4990 - Facsimile**

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):

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| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
| Non-accelerated filer | ☒ | Smaller reporting company | ☒ |
|  |  | Emerging growth company | ☐ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

**PART I**

 **<br> INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS**

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| | |
|:---|:---|
| **ITEM 1.** | **PLAN INFORMATION\*** |

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| | |
|:---|:---|
| **ITEM 2.** | **REGISTRANT INFORMATION AND EMPLOYEE PLAN ANNUAL INFORMATION\*** |

---

\* Information required by Part I to be contained in the Section 10(a) prospectus is omitted from this Registration Statement in accordance with Rule 428 under the Securities Act of 1933, as amended (the "Securities Act") and the Note to Part I of Form S-8. The documents containing information specified in this Part I will be separately provided to the participants in the Plan covered by this Registration Statement, as specified by Rule 428(b)(1) under the Securities Act. These documents and the documents incorporated by reference in this Registration Statement pursuant to Item 3 of Part II of Form S-8, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.

**PART II**

 **<br> INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

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| | |
|:---|:---|
| **ITEM 3.** | **INCORPORATION OF DOCUMENTS BY REFERENCE** |

---

The following documents filed with the Securities and Exchange Commission (the "Commission") by SPI Energy Co., Ltd. (the "Registrant") are incorporated herein by reference.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Registrant's Annual Report on [Form 10-K](http://www.sec.gov/Archives/edgar/data/1210618/000168316822002280/spi_i10k.htm) for the fiscal year ended December 31, 2021, filed on April 1, 2022;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Registrant's Quarterly Reports on Form 10-Q filed with the SEC on [May 13, 2022](http://www.sec.gov/Archives/edgar/data/1210618/000168316822003579/spi_i10q-033122.htm), [August 15, 2022](http://www.sec.gov/Archives/edgar/data/1210618/000168316822005735/spi_i10q-063022.htm) and [November 14, 2022](http://www.sec.gov/Archives/edgar/data/1210618/000168316822007585/spi_i10q-093022.htm);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The Registrant's Current Reports on Form 8-K filed with the SEC on [March 24, 2022](http://www.sec.gov/Archives/edgar/data/1210618/000168316822001918/spi_8k.htm), [April 11, 2022](http://www.sec.gov/Archives/edgar/data/1210618/000168316822002498/spi_8k.htm), [May 10, 2022](http://www.sec.gov/Archives/edgar/data/1210618/000168316822003376/spi_8k.htm), [November 2, 2022](http://www.sec.gov/Archives/edgar/data/1210618/000168316822007209/spi_8k.htm), [December 12, 2022](http://www.sec.gov/Archives/edgar/data/1210618/000168316822008353/spi_8k.htm) and [December 23, 2022](http://www.sec.gov/Archives/edgar/data/1210618/000168316822008627/spi_8k.htm);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) The Registrant's definitive proxy statement on [Schedule 14A](http://www.sec.gov/Archives/edgar/data/1210618/000168316822007187/spi_def14a.htm) filed with the SEC on November 1, 2022; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) The description of the Registrant's ordinary shares contained in the Registrant's Registration Statement on Form F-4, as amended, under the Securities Act, as originally filed with the SEC on May 11, 2015, as amended (Registration No. 333-204069) under the heading, "Description of Securities," and as incorporated into our Registration Statement on [Form 8-A](http://www.sec.gov/Archives/edgar/data/1210618/000119312516430626/d115657d8a12b.htm), originally filed with the SEC on January 15, 2016.

All documents subsequently filed by the Registrant with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act (other than documents or portions of documents deemed to be furnished pursuant to the Exchange Act), prior to the filing of a post-effective amendment which indicates that all securities offered have been sold, or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing of such documents.

Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein, or in any other subsequently filed document which also is incorporated or deemed to be incorporated by reference herein, modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

Under no circumstances will any information furnished under current Items 2.02 or 7.01 of Form 8-K be deemed incorporated herein by reference unless such Form 8-K expressly provides to the contrary.

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| | |
|:---|:---|
| **ITEM 4.** | **DESCRIPTION OF SECURITIES** |

---

Not applicable.

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| | |
|:---|:---|
| **ITEM 5.** | **INTEREST OF NAMED EXPERTS AND COUNSEL** |

---

Not applicable.

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| | |
|:---|:---|
| **ITEM 6.** | **INDEMNIFICATION OF DIRECTORS AND OFFICERS** |

---

Cayman Islands law does not limit the extent to which a company's articles of association may provide for indemnification of officers and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or the consequences of committing a crime. SPI's Memorandum and Articles of Association, as amended, provide for indemnification of officers and directors for losses, damages, costs and expenses incurred in their capacities as such, except that such indemnity shall not extend to any matter in respect of any dishonesty, willful default or fraud.

This provision, however, will not eliminate or limit liability arising under federal securities laws. SPI's Memorandum and Articles of Association, as amended, do not eliminate its director's fiduciary duties. The inclusion of the foregoing provision may, however, discourage or deter shareholders or management from bringing a lawsuit against directors even though such an action, if successful, might otherwise have benefited SPI and its shareholders. This provision should not affect the availability of a claim or right of action based upon a director's fraud or dishonesty.

Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers or persons controlling the Registrant pursuant to the foregoing provisions, the Registrant has been informed that, in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

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| | |
|:---|:---|
| **ITEM 7.** | **EXEMPTION FROM REGISTRATION CLAIMED** |

---

Not applicable.

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| | |
|:---|:---|
| **ITEM 8.** | **EXHIBITS** |

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See the attached Exhibit Index.

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| | |
|:---|:---|
| **ITEM 9.** | **REQUIRED UNDERTAKINGS** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The undersigned Registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:

(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;

(ii) To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement; and

(iii) To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;

Provided, however, That:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) Paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the registration statement is on Form S-8 (§239.16b of this chapter), and the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)) that are incorporated by reference in the registration statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) Paragraphs (a)(1)(i), (a)(1)(ii) and (a)(1)(iii) of this section do not apply if the registration statement is on Form S-3 (§239.13 of this chapter), Form SF-3 (§239.45 of this chapter) or Form F-3 (§239.33 of this chapter) and the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) (§230.424(b) of this chapter) that is part of the registration statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) Provided further, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the registration statement is for an offering of asset-backed securities on Form SF-1 (§239.44 of this chapter) or Form SF-3 (§239.45 of this chapter), and the information required to be included in a post-effective amendment is provided pursuant to Item 1100(c) of Regulation AB (§229.1100(c)).

(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(5) That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) If the registrant is relying on Rule 430B (§230.430B of this chapter):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) Each prospectus filed by the registrant pursuant to Rule 424(b)(3) (§230.424(b)(3) of this chapter) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) (§230.424(b)(2), (b)(5), or (b)(7) of this chapter) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) (§230.415(a)(1)(i), (vii), or (x) of this chapter) for the purpose of providing the information required by section 10(a) of the Securities Act of 1933 shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) If the registrant is subject to Rule 430C (§230.430C of this chapter), each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A (§230.430A of this chapter), shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) If the registrant is relying on §230.430D of this chapter:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) Each prospectus filed by the registrant pursuant to §230.424(b)(3) and (h) of this chapter shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) Each prospectus required to be filed pursuant to §230.424(b)(2), (b)(5), or (b)(7) of this chapter as part of a registration statement in reliance on §230.430D of this chapter relating to an offering made pursuant to §230.415(a)(1)(vii) or (a)(1)(xii) of this chapter for the purpose of providing the information required by section 10(a) of the Securities Act of 1933 (15 U.S.C. 77j(a)) shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in §230.430D of this chapter, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date; or

(6) That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities:

The undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424 (§230.424 of this chapter);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.

(7) If the registrant is relying on §230.430D of this chapter, with respect to any offering of securities registered on Form SF-3 (§239.45 of this chapter), to file the information previously omitted from the prospectus filed as part of an effective registration statement in accordance with §§230.424(h) and 230.430D of this chapter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

**SIGNATURES**

Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of McClellan Park, California on February 3, 2023.

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| | | |
|:---|:---|:---|
| **SPI ENERGY CO., LTD.** | **SPI ENERGY CO., LTD.** | **SPI ENERGY CO., LTD.** |
| By: | /s/Xiaofeng Peng | /s/Xiaofeng Peng |
|  | Name: | Xiaofeng Peng |
|  | Title: | Chief Executive Officer |

---

**POWER OF ATTORNEY**

Each person whose signature appears below constitutes and appoints Xiaofeng Peng as his or her true and lawful attorneys-in-fact and agents, with full power of substitution and re-substitution, for him or her and in his or her name, place, and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments, exhibits thereto and other documents in connection therewith) to this Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Commission, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed below by the following persons in the capacities and on February 3, 2023.

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| | |
|:---|:---|
| **Signature** | **Title** |
| /s/ Xiaofeng Peng<br> Xiaofeng Peng | Chief Executive Officer and Executive Chairman<br> (Principal Executive Officer) |
| <br> /s/ Janet Chen<br>| <br> Chief Financial Officer (Principal Financial and Accounting Officer) |
| Janet Chen | |
| /s/ Maurice Ngai<br> Maurice Ngai | Director |
| /s/ HoongKhoeng Cheong<br> HoongKhoeng Cheong | Director |
| /s/ Lu Qing<br> Lu Qing | Director |
| /s/ Jing Zhang<br> Jing Zhang | Director |

---

EXHIBIT INDEX

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| | |
|:---|:---|
| **Exhibit<br> Number** | **Description of Exhibit** |
| 3.1 | Memorandum and Articles of Association (incorporated by reference to Exhibit 3.1 to the registration statement on Form F-4 of the Registrant (File No. 333-204069) filed with the SEC on May 11, 2015.) |
| 3.2 | Amended and Restated Memorandum and Articles of Association (incorporated by reference to Annex B to the Prospectus of the Registrant (File No. 333-204069) filed with the SEC on November 6, 2015) |
| 4.1 | Specimen Ordinary Share Certificate\*\* |
| 10.1 | [SPI Energy Co., Ltd. Amended and Restated 2015 Equity Incentive Plan](http://www.sec.gov/Archives/edgar/data/1210618/000168316822007187/spi_def14a.htm) (incorporated by reference to the Appendix A to the definitive proxy statement on Schedule 14A of the Registrant filed with the SEC on November 1, 2022.) |
| 5.1\* | [Opinion of Carey Olsen Hong Kong LLP, regarding the legality of the securities being registered](spi_ex0501.htm) |
| 23.1\* | [Consent of Marcum Asia CPAs LLP](spi_ex2301.htm) |
| 23.2\* | Consent of Carey Olsen Hong Kong LLP (included in Exhibit 5.1) |
| 24.1\* | Power of Attorney (included on signature page hereof) |
| 107\* | [Calculation of Filing Fee Table](spi_ex107.htm) |

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__________________

\* Filed herewith

\*\* To be filed as an exhibit to a post-effective amendment to this registration statement or as an exhibit to a report filed or furnished pursuant to the Exchange Act of the Registrant and incorporated herein by reference.

## Ex-Filing

**Exhibit 107**

**Calculation of Filing Fee Table**

**Form S-8**

(Form Type)

**SPI Energy Co., Ltd.**

(Exact Name of Registrant as Specified in its Charter)

Newly Registered Securities

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Type** | **Security Class Title** | **Fee Calculation Rule** | **Amount Registered(1)** | **Proposed Maximum Offering Price Per Share(2)** | **Maximum Aggregate Offering Price** | **Fee Rate** | **Amount of Registration Fee** |
| Equity | Ordinary Share, $0.0001 par value | Rule 457(c) and Rule 457(h) | 4326185(3) | $1.74 | $7505931 | $110.20 per $1,000,000 | $827.15 |
| **Total Offering Amounts** | **Total Offering Amounts** | **Total Offering Amounts** | **Total Offering Amounts** |  | $7505931 |  | $827.15 |
| **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** |  |  |  | $0.00 |
| **Net Fee Due** | **Net Fee Due** | **Net Fee Due** | **Net Fee Due** |  |  |  | $827.15 |
| <sup>(1)</sup> | Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement also covers any additional securities of SPI Energy Co., Ltd. (the "Registrant") that may become issuable under the Registrant's Amended and Restated 2015 Equity Incentive Plan (the "Plan") as a result of any future stock splits, stock dividends or similar adjustments of the Registrant's outstanding ordinary shares. | Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement also covers any additional securities of SPI Energy Co., Ltd. (the "Registrant") that may become issuable under the Registrant's Amended and Restated 2015 Equity Incentive Plan (the "Plan") as a result of any future stock splits, stock dividends or similar adjustments of the Registrant's outstanding ordinary shares. | Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement also covers any additional securities of SPI Energy Co., Ltd. (the "Registrant") that may become issuable under the Registrant's Amended and Restated 2015 Equity Incentive Plan (the "Plan") as a result of any future stock splits, stock dividends or similar adjustments of the Registrant's outstanding ordinary shares. | Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement also covers any additional securities of SPI Energy Co., Ltd. (the "Registrant") that may become issuable under the Registrant's Amended and Restated 2015 Equity Incentive Plan (the "Plan") as a result of any future stock splits, stock dividends or similar adjustments of the Registrant's outstanding ordinary shares. | Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement also covers any additional securities of SPI Energy Co., Ltd. (the "Registrant") that may become issuable under the Registrant's Amended and Restated 2015 Equity Incentive Plan (the "Plan") as a result of any future stock splits, stock dividends or similar adjustments of the Registrant's outstanding ordinary shares. | Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement also covers any additional securities of SPI Energy Co., Ltd. (the "Registrant") that may become issuable under the Registrant's Amended and Restated 2015 Equity Incentive Plan (the "Plan") as a result of any future stock splits, stock dividends or similar adjustments of the Registrant's outstanding ordinary shares. | Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement also covers any additional securities of SPI Energy Co., Ltd. (the "Registrant") that may become issuable under the Registrant's Amended and Restated 2015 Equity Incentive Plan (the "Plan") as a result of any future stock splits, stock dividends or similar adjustments of the Registrant's outstanding ordinary shares. |
| <sup>(2)</sup> | Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h)(1) of the Securities Act. The proposed maximum offering price per share is estimated to be $1.74, based on the average of the high sales price ($1.78) and the low sales price ($1.69) for the Registrant's ordinary shares as reported by The Nasdaq Global Select Market on February 2, 2023. | Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h)(1) of the Securities Act. The proposed maximum offering price per share is estimated to be $1.74, based on the average of the high sales price ($1.78) and the low sales price ($1.69) for the Registrant's ordinary shares as reported by The Nasdaq Global Select Market on February 2, 2023. | Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h)(1) of the Securities Act. The proposed maximum offering price per share is estimated to be $1.74, based on the average of the high sales price ($1.78) and the low sales price ($1.69) for the Registrant's ordinary shares as reported by The Nasdaq Global Select Market on February 2, 2023. | Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h)(1) of the Securities Act. The proposed maximum offering price per share is estimated to be $1.74, based on the average of the high sales price ($1.78) and the low sales price ($1.69) for the Registrant's ordinary shares as reported by The Nasdaq Global Select Market on February 2, 2023. | Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h)(1) of the Securities Act. The proposed maximum offering price per share is estimated to be $1.74, based on the average of the high sales price ($1.78) and the low sales price ($1.69) for the Registrant's ordinary shares as reported by The Nasdaq Global Select Market on February 2, 2023. | Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h)(1) of the Securities Act. The proposed maximum offering price per share is estimated to be $1.74, based on the average of the high sales price ($1.78) and the low sales price ($1.69) for the Registrant's ordinary shares as reported by The Nasdaq Global Select Market on February 2, 2023. | Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h)(1) of the Securities Act. The proposed maximum offering price per share is estimated to be $1.74, based on the average of the high sales price ($1.78) and the low sales price ($1.69) for the Registrant's ordinary shares as reported by The Nasdaq Global Select Market on February 2, 2023. |
| <sup>(3)</sup> | These 4,326,185 shares to be registered are reserved for future grants under the Plan. | These 4,326,185 shares to be registered are reserved for future grants under the Plan. | These 4,326,185 shares to be registered are reserved for future grants under the Plan. | These 4,326,185 shares to be registered are reserved for future grants under the Plan. | These 4,326,185 shares to be registered are reserved for future grants under the Plan. | These 4,326,185 shares to be registered are reserved for future grants under the Plan. | These 4,326,185 shares to be registered are reserved for future grants under the Plan. |

---

## Exhibit 5.1

**Exhibit 5.1**

![](image_001.jpg)

<br> SPI Energy Co., Ltd. #1128, 11/F, No. 52 Hung To Road Kwun Tong Kowloon Hong Kong S.A.R. 3 February 2023

Dear Sir / Madam

**SPI Energy Co., Ltd. (the "Company")**

We have acted as Cayman Islands counsel to the Company in connection with the Company's registration statement on Form S-8, including all amendments or supplements thereto (the "**Registration Statement**"), filed with the United States Securities and Exchange Commission pursuant to the United States Securities Act of 1933, as amended, relating to the registration of 4,326,185 ordinary shares of the Company (the "**Shares**") to be issued under the Amended and Restated 2015 Equity Incentive Plan (the "**Plan**").

This Opinion is given only on the laws of the Cayman Islands in force at the date hereof and is based solely on matters of fact known to us at the date hereof. We have not investigated the laws or regulations of any jurisdiction other than the Cayman Islands. We express no opinion as to matters of fact or, unless expressly stated otherwise, the veracity of any representations or warranties given in or in connection with any of the documents set out in Section 2.

In giving this Opinion we have reviewed originals, copies, drafts, and certified copies of the documents set out in Section 2. This Opinion is given on the basis that the assumptions set out in Section 3 (which we have not independently investigated or verified) are true, complete and accurate in all respects. In addition, this Opinion is subject to the qualifications set out in Section 4. Capitalised terms used in this Opinion shall have the meanings ascribed to them in this Opinion.

We consent to the use of this Opinion as an exhibit to the Registration Statement and further consent to all references to us in the Registration Statement and any amendments thereto.

**1. Opinions**

We are of the opinion that the Shares to be offered and issued by the Company pursuant to the provisions of the Plan have been duly and validly authorised for issue, and when issued by the Company pursuant to the provisions of the Plan and duly registered in the Company's register of members, will be validly issued and (assuming that all of the consideration is received by the Company) will be fully paid and non-assessable.

**2. Documents Reviewed**

The documents listed in this Section 2 are the only documents and/or records we have examined and relied upon and the only searches and enquiries we have carried out for the purposes of this Opinion.

&nbsp;&nbsp;&nbsp;&nbsp;(a) The certificate of incorporation of the Company dated 4 May 2015,
the amended and restated memorandum and articles of association of the Company adopted on 22 June 2015 and effective on 31 December 2015
(collectively, the "**Memorandum and Articles** "), and the register of directors of the Company, copies of which have been
provided to us by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;(b) A copy of each of the unanimous written consent of the board of
directors of the Company dated 29 September 2022 and the minutes of the annual meeting of the shareholders of the Company held on 9 December
2022 (the proposals approved therein, collectively, the "**Resolutions** ").

&nbsp;&nbsp;&nbsp;&nbsp;(c) A copy of the Registration Statement.

&nbsp;&nbsp;&nbsp;&nbsp;(d) A copy of the Plan.

**3. Assumptions**

We have assumed that: (a) all signatures, initials and seals are genuine, (b) copies of documents, conformed copies or drafts of documents provided to us are true and complete copies of, or in the final forms of, the originals, (c) where a document has been provided to us in draft or undated form, it will be duly executed, dated and unconditionally delivered in the same form as the last version provided to us, (d) the Memorandum and Articles remain in full force and effect and are unamended, (e) the Resolutions were duly passed in the manner prescribed in the Memorandum and Articles (including, without limitation, with respect to the disclosure of interests (if any) by directors of the Company) and have not been amended, varied or revoked in any respect, (f) there is nothing under any law (other than the laws of the Cayman Islands) which would or might affect the opinions set out above, (g) there is nothing contained in the minute book or corporate records of the Company (which we have not inspected) which would or might affect the opinions set out above, and (h) upon the issue of any Shares, the Company will receive consideration which shall be equal to at least the par value of such Shares, (i) the Plan has been authorised and duly executed and unconditionally delivered by or on behalf of the Company in accordance with all relevant laws (other than the laws of the Cayman Islands), (j) the Plan is legal, valid, binding and enforceable against all relevant parties in accordance with its terms under all other relevant laws (other than, with respect to the Company, the laws of the Cayman Islands), (k) the power, authority and legal right of the Company under all relevant laws and regulations (other than the laws of the Cayman Islands) to enter into, execute, unconditionally deliver and perform its obligations under the Plan, (l) the shareholders of the Company have not restricted the powers of the directors of the Company in any way, and (m) there is no contractual or other prohibition (other than as arising under Cayman Islands law) binding on the Company prohibiting it from entering into and performing its obligations under the Plan.

**4. Qualifications**

Under the Companies Act (as revised) of the Cayman Islands (the "**Companies Act**"), the register of members of a Cayman Islands company is by statute regarded as prima facie evidence of any matters which the Companies Act directs or authorises to be inserted therein. A third party interest in the shares in question would not appear.

This Opinion (and any obligations arising out of or in connection with it) is given on the basis that it shall be governed by and construed in accordance with the laws of the Cayman Islands.

Yours faithfully

/s/Carey Olsen Hong Kong LLP

**Carey Olsen Hong Kong LLP**

## Exhibit 23.1

**Exhibit 23.1**

![](marcum.jpg)

<u>Independent Registered Public Accounting Firm's Consent</u>

We consent to the incorporation by reference in this Registration Statement of SPI Energy Co., Ltd. on Form S-8 of our report dated April 1, 2022, which includes an explanatory paragraph as to the Company's ability to continue as a going concern, with respect to our audits of the consolidated financial statements of SPI Energy Co., Ltd. as of December 31, 2021 and 2020, and the related consolidated statements of operations, comprehensive loss, equity (deficit) and cash flows for each of the three years in the period ended December 31, 2021 appearing in the Annual Report on Form 10-K of SPI Energy Co., Ltd. for the year ended December 31, 2021.

/s/ Marcum Asia CPAs LLP

Marcum Asia CPAs LLP

(Formerly Marcum Bernstein & Pinchuk LLP)

New York, NY

February 3, 2023