CNEY Regains Compliance with Nasdaq Minimum Market Value of Publicly Held Shares Requirement

Core Points - CN Energy Group, Inc. has regained compliance with Nasdaq's minimum market value of publicly held shares requirement as of October 9, 2024 [1][2] - The company was previously notified on September 6, 2024, that it was not in compliance due to its Class A ordinary share failing to maintain a market value of $1,000,000 over 30 consecutive trading days [2] - To regain compliance, the company needed to maintain a minimum market value of $1,000,000 for at least 10 consecutive trading days, which it achieved from September 25 to October 8, 2024 [2] Company Overview - CN Energy Group, Inc. is listed on the Nasdaq Capital Market under the symbol CNEY [3] - The company specializes in producing high-quality recyclable activated carbon and renewable energy from abandoned forest and agricultural residues, utilizing patented bioengineering and physiochemical technologies [3] - Its products and services are utilized by various sectors, including food and beverage producers, industrial and pharmaceutical manufacturers, and environmental protection enterprises [3]