EZGO - EZGO receives Nasdaq non-compliance letter for minimum bid price deficiency

EZGO Technologies (NASDAQ:EZGO) said on Tuesday it had received a letter from the Nasdaq that it was currently not in compliance with the minimum bid price requirement. The closing bid price of the Company's ordinary shares, par value US$0.001 per share was below $1.00 per share for a period of 30 consecutive business days. The Company has a compliance period of 180 calendar days, or until November 30, to regain compliance with Nasdaq's minimum bid price requirement. The company will regain compliance if at any time during the period, the closing bid price per share is at least $1.00 for a minimum of 10 consecutive business days. If the Company chooses to implement a reverse stock split, it must complete the split no later than 10 business days prior to November 30, or the expiration of the second compliance period if granted.

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EZGO receives Nasdaq non-compliance letter for minimum bid price deficiency