RegulatoryJun 9, 2026, 04:07 PM
E-Power Inc. receives Nasdaq minimum bid price deficiency notice
AI Summary
E-Power Inc. announced it received a notification from Nasdaq on May 20, 2026, indicating non-compliance with the minimum bid price requirement of $1.00 per share. This deficiency arose because the company's Class A ordinary shares traded below $1.00 for 30 consecutive business days. E-Power Inc. has been granted 180 calendar days, until November 16, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days. The company's business operations remain unaffected, and it is considering options, including a reverse share split, to address the issue.
Key Highlights
- E-Power Inc. received a Nasdaq notification on May 20, 2026, for non-compliance with the minimum bid price rule.
- Nasdaq Listing Rule 5550(a)(2) requires a minimum bid price of $1.00 per share for continued listing.
- The deficiency resulted from the company's Class A ordinary shares trading below $1.00 for 30 consecutive business days.
- E-Power Inc. has 180 calendar days, until November 16, 2026, to regain compliance.
- To regain compliance, the stock must close at $1.00 or more for a minimum of 10 consecutive business days.
- The company's business operations are not affected by the receipt of this notification.
- E-Power Inc. may consider a reverse share split to regain compliance with Nasdaq listing rules.
Price Impact
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