Brief: Terraform Global to delay filing second-qtr earnings report

AlTi Global

10/08/2016 21:19

Aug 10 (Reuters) - Terraform Global Inc  GLBL.O : 
    * Unable to timely file its form 10-Q quarterly report for 
the quarter ended June 30, 2016 
    * Delay in filing form 10-Q is due to need to complete all 
steps and tasks necessary to finalize company's financial 
statements 
    * Expects results of operations for quarter ended June 30, 
2016 to be significantly different from the corresponding period 
in 2015 
    * Expect it will be necessary to implement additional 
controls, procedures & take remedial actions before finalizing 
2015 year-end statements 
    * Files for non timely 10-Q 
    * "to date, we have identified material weaknesses in the 
company's internal control over financial reporting" 
    * Sees results for quarter ended June 30 to be different due 
to co's IPO completed on August 5, 2015,growth of renewable 
energy portfolio 
 
Source text: (http://bit.ly/2aWOS1d) 
Further company coverage:  GLBL.O  
 
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