Greenland Technologies Must Restore $1 Bid Price by September 8 or Face Delisting
Greenland Technologies received a Nasdaq notice on March 12, 2026 after its shares closed below $1 for 30 consecutive business days from January 28 to March 11, 2026. The company must restore a $1 closing bid for 10 consecutive business days by September 8, 2026 to regain compliance.
1. Nasdaq Notification and Listing Rule Deficiency
On March 12, 2026, Greenland Technologies received a written notification from Nasdaq stating it failed to meet the minimum bid price requirement under Rule 5550(a)(2). The notice follows a deficiency period during which the company’s Class A ordinary shares traded below the required US$1.00 threshold.
2. Deficiency Period
The shares closed under US$1.00 for 30 consecutive business days from January 28 through March 11, 2026, triggering Nasdaq’s noncompliance determination as defined by Listing Rule 5810(c)(3)(A). This breach does not immediately affect the company’s continued listing on the Nasdaq Capital Market.
3. Compliance Deadline and Requirements
Greenland Technologies has 180 calendar days, until September 8, 2026, to achieve a closing bid price of at least US$1.00 for 10 consecutive business days. Failure to regain compliance by that date could result in eligibility for additional grace periods or potential delisting proceedings.
4. Possible Remedial Actions and Business Impact
The notification does not impact ongoing operations, and management will monitor share performance closely. The company may consider measures such as a share consolidation or other capital actions to elevate its per-share price and satisfy Nasdaq’s listing criteria.