Greenland Technologies Holding Corporation Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
Key Highlights
- ➤GTEC failed Nasdaq’s $1 minimum bid requirement after 30 consecutive business days below threshold
- ➤Nasdaq granted GTEC until May 10, 2027, to regain compliance
- ➤GTEC must sustain a $1 closing bid for 10 consecutive business days
- ➤GTEC may consider a share consolidation if it cannot restore compliance
- ➤Notification does not currently affect GTEC’s Nasdaq Capital Market listing or operations
Greenland Technologies Holding Corporation Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency PR Newswire
HANGZHOU, China, Nov. 13, 2026 /PRNewswire/ -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced that the Company received a written notification (the "Notification Letter") from the Nasdaq Stock Market LLC ("Nasdaq") on November 10, 2026, notifying the Company that it is not in compliance with the minimum bid price requirement set forth in the Nasdaq Listing Rules for continued listing on the Nasdaq.
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