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Smart Powerr Corp. Regains Compliance with Nasdaq Minimum Bid Price Requirement
Globenewswire· 2025-08-06 10:30
Core Viewpoint - Smart Powerr Corp. has regained compliance with Nasdaq's minimum bid price requirement, closing at or above $1.00 for 10 consecutive business days from July 18 to July 31, 2025 [1][2]. Company Overview - Smart Powerr Corp. is based in Xi'an, China, specializing in waste energy recycling and energy efficiency solutions for energy-intensive industries [3]. - The company employs a Build-Operate-Transfer (BOT) model to provide energy-saving and recovery facilities, focusing on nonferrous metal plants [3]. - Smart Powerr Corp. aims to expand into market areas where it currently does not operate, pursuing disciplined and targeted growth strategies [3].
Smart Powerr Corp. Announces Effective Date of Reverse Stock Split
Globenewswire· 2025-07-16 12:00
Core Points - Smart Powerr Corp. has announced a reverse stock split at a ratio of 1-for-10 to comply with Nasdaq's minimum bid price requirement [2] - The reverse stock split will reduce the total number of outstanding shares from approximately 25.3 million to about 2.53 million [3] - The reverse stock split will not change the par value per share and will affect all issued and outstanding shares uniformly [4] Company Overview - Smart Powerr Corp. is based in Xi'an, China, and specializes in waste energy recycling and energy efficiency solutions for energy-intensive industries [5] - The company employs a Build-Operate-Transfer (BOT) model to provide energy-saving and recovery facilities, focusing on nonferrous metal plants [5] - Smart Powerr Corp. aims for disciplined and targeted expansion into market areas it currently does not serve [5]