Kandi Technologies Receives Nasdaq Notice for Falling Below $1 Bid Price
On May 5, 2026, Kandi Technologies received a Nasdaq notice confirming its ordinary shares traded below the $1.00 minimum bid price for 30 consecutive business days through May 4, 2026. The company has until November 2, 2026 to regain compliance or face potential delisting or a transfer application.
1. Receipt of Nasdaq Notification
On May 5, 2026 the company received a notice from Nasdaq Listing Qualifications Department stating its ordinary shares failed to maintain a minimum closing bid of $1.00 over 30 consecutive business days through May 4, 2026.
2. Compliance Timeline and Requirements
Under Nasdaq Listing Rule 5810(c)(3)(A), Kandi has 180 days, until November 2, 2026, to restore its share price to at least $1.00 for ten consecutive business days to regain compliance and maintain listing on the Global Select Market.
3. Potential Outcomes and Next Steps
If Kandi does not meet the requirement by the deadline, it may apply for a transfer to the Nasdaq Capital Market, submit a $5,000 application fee and comply with all other listing standards, potentially executing a reverse stock split to cure the deficiency; failure could lead to delisting procedures.