U Power Limited Receives Nasdaq Delisting Notification and Intends to Appeal
U Power Limited (UCAR)
Company Research
Source: PR Newswire
SHANGHAI, Feb. 20, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that on February 14, 2024, it received a notification letter (the "Letter") from the Listing Qualifications department of the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company of Nasdaq's determination to delist the Company's ordinary shares from The Nasdaq Capital Market because the Company's ordinary shares had a closing bid price of $0.10 or less for ten consecutive trading days as of February 13, 2024, which triggered a notice of delisting pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iii) (the "Low Priced Stocks Rule").In addition to the Low Priced Stocks Rule delisting notice, the Company also currently fails to satisfy the requirement that the closing bid price of its ordinary shares remain at $1.00 or higher, as required by Nasdaq Li
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UCAR
News
- U Power Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement [Yahoo! Finance]Yahoo! Finance
- U Power Limited Regains Compliance with Nasdaq Minimum Bid Price RequirementPR Newswire
- U Power To Launch Commercial Operation for its EV Battery Swapping System [Yahoo! Finance]Yahoo! Finance
- U Power To Launch Commercial Operation for its EV Battery Swapping SystemPR Newswire
- U Power Limited Announces 1-for-100 Share Consolidation [Yahoo! Finance]Yahoo! Finance
UCAR
Sec Filings
- 5/15/24 - Form 20-F
- 4/30/24 - Form NT
- 4/24/24 - Form 6-K
- UCAR's page on the SEC website