CN Energy Group, Inc. operates in China, specializing in the manufacturing and distribution of activated carbon sourced from wood. This material finds extensive use across diverse industries such as pharmaceutical and industrial production, water treatment, environmental conservation, and the food and beverage sector. Additionally, the company generates biomass electricity, which it provides to State Grid Heilongjiang, a provincial division of the State Grid Corporation of China located in Heilongjiang Province. Established in 2018, the company is headquartered in Lishui, China.
CN Energy Group. Inc. Receives Nasdaq Notice Regarding Minimum Bid Price Requirement
CN Energy Group received a notification from Nasdaq stating it is no longer compliant with Listing Rule 5550(a)(2) because its stock closed below $1.00 for 30 consecutive business days.
The notice does not immediately affect the listing, but the company has been granted a 180-day grace period, or until January 12, 2027, to regain compliance.
To satisfy the requirement, the stock must close at $1.00 or higher for at least ten consecutive trading days; the company stated it will monitor the situation and consider its options.