DelistingMay 5, 2026, 05:11 PM
Envirotech Vehicles receives Nasdaq delisting notice for low equity
AI Summary
Envirotech Vehicles, Inc. received a notice from Nasdaq on April 29, 2026, indicating non-compliance with the minimum stockholders' equity requirement of $2,500,000. The company's equity was below this threshold as reported in its 2025 Form 10-K, and it also fails alternative listing standards. This notice has no immediate impact on the stock's trading, and the company has until June 13, 2026, to submit a plan to regain compliance. If accepted, an extension until October 26, 2026, may be granted, but there is no assurance of success.
Key Highlights
- Envirotech Vehicles received a Nasdaq notice on April 29, 2026, for failing minimum stockholders' equity.
- Stockholders' equity was below the $2,500,000 Nasdaq requirement as of December 31, 2025.
- The company also fails alternative listing standards for market value or net income.
- Envirotech Vehicles has 45 days, until June 13, 2026, to submit a compliance plan to Nasdaq.
- If the plan is accepted, an extension of up to 180 days, until October 26, 2026, may be granted.
- The notice has no immediate effect on the trading of the company's common stock.