Core Viewpoint - CN Energy Group, Inc. has received an additional 180-day period from Nasdaq to regain compliance with the minimum bid price requirement of $1.00 per share, extending the deadline to May 27, 2025 [1][2]. Compliance Status - The company has not yet regained compliance with the minimum bid price requirement but is eligible for a second compliance period due to meeting other listing requirements [1]. - If the closing bid price of the company's Class A ordinary shares reaches or exceeds $1.00 for at least ten consecutive business days during the second compliance period, Nasdaq will confirm compliance [2]. Future Actions - The company plans to actively monitor its compliance status and may consider options such as a reverse stock split to address any deficiencies [3]. Company Overview - CN Energy Group, Inc. specializes in producing high-quality recyclable activated carbon and renewable energy from abandoned forest and agricultural residues, utilizing patented bioengineering and physiochemical technologies [4]. - The company's products are used across various sectors, including food and beverage, industrial manufacturing, pharmaceuticals, and environmental protection [4].
CNEY Receives NASDAQ Minimum Bid Price Requirement Extension