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Greenland Technologies Holding Corporation Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
Prnewswire· 2026-03-16 20:05
Core Viewpoint - Greenland Technologies Holding Corporation has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market [1][2]. Group 1: Nasdaq Notification Details - The notification was issued on March 12, 2026, indicating that the company's Class A ordinary shares did not meet the minimum bid price of US$1.00 per share for 30 consecutive business days from January 28, 2026, to March 11, 2026 [1][2]. - The company has until September 8, 2026, 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 [3]. Group 2: Company Operations and Compliance Strategy - The receipt of the notification does not impact the company's business operations [4]. - The company plans to monitor the closing bid price and may consider options such as share consolidation to regain compliance with Nasdaq Listing Rules [4].