DelistingMay 1, 2026, 04:34 PM
CBAK Energy receives Nasdaq delisting notice for bid price non-compliance
AI Summary
CBAK Energy Technology, Inc. received a notice from Nasdaq on April 30, 2026, indicating non-compliance with the minimum bid price requirement of $1.00 per share. The company's common stock traded below this threshold for 30 consecutive business days. While there is no immediate impact on its Nasdaq listing, CBAK Energy has a 180-calendar-day compliance period until October 27, 2026, to regain compliance. Failure to do so may lead to an additional grace period or eventual delisting.
Key Highlights
- CBAK Energy received a notice from Nasdaq on April 30, 2026, regarding non-compliance with the minimum bid price requirement.
- The company violated Nasdaq Listing Rule 5550(a)(2), which mandates a minimum bid price of $1.00 per share.
- Its common stock traded below $1.00 for 30 consecutive business days from March 18 to April 29, 2026.
- CBAK Energy has a 180-calendar-day compliance period until October 27, 2026, to regain compliance.
- To regain compliance, the closing bid price must be at least $1.00 for a minimum of 10 consecutive business days.
- The notice has no immediate effect on the listing; the stock continues to trade on Nasdaq under "CBAT".
Price Impact
More from CBAT