Greenland Technologies Holding Corporation Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency

About this update from Greenland Technologies Holding Corporation

[{"type":"text","content":"EAST WINDSOR, N.J., March 16, 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 March 12, 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.","length":644,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Greenland Technologies Holding Corporation)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Greenland Technologies Holding Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/b3c6335f877cf420e9019db87766903a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/.qIxssy0mRuyezV8BTBNzQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/b3c6335f877cf420e9019db87766903a","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/2280207/GTEC__Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"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 28, 2026 to March 11, 2026, the Company no longer meets the minimum bid price requirement.","length":513,"tagName":"p"},{"type":"text","content":"The Notification Letter does not impact the Company's listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until September 8, 2026, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company's Class A ordinary shares must have a closing bid price of at least US$1.00 for...

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