Sunrise Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Requirement [Yahoo! Finance]
Sunrise New Energy Co., Ltd - Class A Ordinary Shares (EPOW)
Company Research
Source: Yahoo! Finance
that it has received a letter (the "Notification Letter") from the Nasdaq Stock Market LLC ("Nasdaq") on March 14, 2024, notifying the Company that it no longer meets the minimum bid price requirement set forth in the Nasdaq Listing Rules. The Notification Letter has no immediate impact on the listing or trading of the Company's shares on Nasdaq. The Notification Letter does not affect the Company's business operations, its U.S. Securities and Exchange Commission reporting requirements, or contractual obligations. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of US$1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company's Class A ordinary shares for the 30 consecutive business days from January 30, 2024 to March 14, 2024, the Company no longer meets th
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EPOW
Sec Filings
- 2/14/24 - Form SC
- 2/14/24 - Form SC
- 2/12/24 - Form 6-K
- EPOW's page on the SEC website