E-Power receives a Nasdaq notice for non-compliance after its Class A shares trade below the $1 minimum bid price threshold.
E-Power (Nasdaq: EPOW) disclosed it received a deficiency notice from Nasdaq for failing to maintain the minimum $1 bid price for its Class A ordinary shares. The exchange requires listed companies to sustain a bid price of at least $1 for continued trading eligibility.
The company has 180 calendar days to regain compliance, a standard grace period under Nasdaq rules. If EPOW fails to meet the requirement, it may face delisting proceedings unless it appeals or implements a reverse stock split.
No immediate market reaction was specified, but such notices typically pressure share prices as investors assess potential delisting risks.