Recon Technology, Ltd

Recon Technology, Ltd. announced it has entered into an At-the-Market (ATM) Issuance Sales Agreement with Pacific Century Securities, LLC. Under this agreement, the company may sell up to $100 million of its Class A ordinary shares from time to time. The proceeds from any sales are intended for general corporate purposes, including working capital, operating expenses, capital expenditures, potential acquisitions, and other strategic initiatives.

Recon Technology, Ltd. announced it received a notification from The Nasdaq Capital Market on May 4, 2026, indicating non-compliance with the minimum bid price requirement. The company's Class A Ordinary Shares traded below $1.00 for 30 consecutive business days. Recon Technology has a 180-calendar-day period, until November 2, 2026, to regain compliance by achieving a closing bid price of at least $1.00 for a minimum of ten consecutive business days. The notification does not result in immediate delisting, and shares will continue to trade under the symbol "RCON."