- CN Energy Group ( NASDAQ: CNEY ) received Nasdaq non compliance notification over minimum bid price requirement.
- The company has been provided 180 calendar days, or until July 12, 2023, to regain compliance.
- To regain compliance, the company's Class A ordinary shares must have a closing bid price of at least $1.00 for a minimum of 10 consecutive business days.
- In the event that the company does not regain compliance by July 12, 2023, the company may be eligible for additional time to regain compliance.
- The company intends to monitor the closing bid price of its Class A ordinary shares and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse share split of its outstanding Class A ordinary shares, to regain compliance.
For further details see:
CNEY receives Nasdaq notification regarding minimum bid price deficiency