E-Power Faces Nasdaq Compliance Deadline After 30-Day Sub-$1 Bid Deficiency
E-Power received a Nasdaq notice on May 20, 2026, for failing to maintain a minimum $1 bid price over 30 consecutive business days, triggering a 180-day compliance period ending November 16, 2026. The company may implement a reverse share split to restore compliance or face potential delisting.
1. Nasdaq Minimum Bid Price Notification
On May 20, 2026 E-Power received written notification from Nasdaq that its Class A ordinary shares failed to meet the $1.00 minimum bid price requirement for 30 consecutive business days, spanning April 8 to May 19, 2026, triggering a deficiency under Nasdaq Listing Rule 5550(a)(2).
2. Compliance Deadline and Delisting Risks
The company has until November 16, 2026 to regain compliance by achieving a closing bid of at least $1.00 for 10 consecutive business days or face potential delisting, with possible eligibility for additional time; management is evaluating options including a reverse share split.
3. Business Operations Unaffected
E-Power’s manufacturing operations remain unaffected, with its joint venture’s graphite anode plant operating at 50,000-ton capacity using renewable electricity to maintain low-cost, low-impact production of battery materials.