CNEY Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency

Core Points - CN Energy Group, Inc. received a notice from Nasdaq indicating non-compliance with the minimum bid price requirement of US$1.00 per share, as the closing bid price fell below this threshold for 30 consecutive business days from April 15 to May 24, 2024 [1][2] - The company has until November 25, 2024, to regain compliance by ensuring its Class A ordinary shares have a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days [2] - The receipt of the notice does not affect the company's business operations, and it may consider options such as a reverse share split to regain compliance [3] Company Overview - CN Energy Group, Inc. is listed on the Nasdaq Capital Market under the symbol CNEY and specializes in producing high-quality recyclable activated carbon and renewable energy from abandoned forest and agricultural residues [4] - The company utilizes patented bioengineering and physiochemical technologies to convert waste into valuable products, benefiting various sectors including food and beverage, industrial, pharmaceutical, and environmental protection [4]