RegulatoryMay 22, 2026, 04:07 PM
E-Power receives Nasdaq non-compliance notice for minimum bid price
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. The company's Class A ordinary shares traded below $1.00 for 30 consecutive business days. E-Power 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 may consider a reverse share split as an option to resolve the issue.
Key Highlights
- E-Power received a written notification from Nasdaq on May 20, 2026, regarding non-compliance.
- The company failed to meet the Nasdaq minimum bid price requirement of $1.00 per share.
- The deficiency continued for 30 consecutive business days from April 8, 2026, to May 19, 2026.
- E-Power has 180 calendar days, until November 16, 2026, to regain compliance.
- To regain compliance, the share price must be at least $1.00 for 10 consecutive business days.
- The company's business operations are not affected by the receipt of the notification.
- E-Power may consider options, including a reverse share split, to regain compliance.
Price Impact
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