Lotus Tech Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price

NEW YORK, Nov. 02, 2026 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (Nasdaq: LOT) (“Lotus Tech” or the “Company”), a leading global intelligent and luxury mobility provider, today announced that it received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on October 28, 2026, indicating that the Company is not in compliance with the $1.00 minimum bid price requirement under the Nasdaq Listing Rules (the “Listing Rules”). Based on the closing bid price of the Company’s listed securities from September 16, 2026 to October 27, 2026, the Company has not met the minimum bid price requirement set forth in Listing Rule 5450(a)(1) during that period.

The Notice states that under Listing Rule 5810(c)(3)(A), the Company is provided with a period of 180 calendar days, or until April 26, 2027, to regain compliance with the Listing Rules. To regain compliance with the Listing Rules, the closing bid price of the Company’s American Depositary Shares (“ADS”) must meet or exceed $1.00 per ADS for at least ten consecutive business days, unless Nasdaq exercises its discretion to extend this ten-day period. In the event the Company does not regain compliance by April 26, 2027, the Company may be eligible for an additional period to regain compliance.