RegulatoryOct 5, 2026, 04:31 PM
CBAK Energy Technology Regains Nasdaq Minimum Bid Price Compliance
AI Summary
CBAK Energy Technology Limited announced it has regained compliance with the Nasdaq Stock Market's minimum bid price requirement. The company received notification from Nasdaq stating that its closing bid price had been at US$1.00 per share or greater for 13 consecutive business days, from September 16 to October 2, 2026. Consequently, Nasdaq has determined the matter is closed. The company also noted its ordinary shares were substituted for common stock effective June 24, 2026, as part of its redomicile process, and continue to trade under the ticker "CBAT".
Key Highlights
- CBAK Energy Technology regained compliance with Nasdaq minimum bid price requirement.
- The company's closing bid price was at or above US$1.00 for 13 consecutive business days from September 16 to October 2, 2026.
- The matter of non-compliance with Nasdaq Listing Rule 5550(a)(2) is now closed.
- CBAK Energy Technology's ordinary shares were substituted for common stock effective June 24, 2026, due to redomicile.
- Ordinary shares continue to trade on the Nasdaq Capital Market under the ticker symbol "CBAT".
Price Impact