Business
Kandi Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Compliance Deficiency
JINHUA, China, May 08, 2026 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (“Kandi” or the “Company”) (NASDAQ GS: KNDI), a global innovator in intelligent equipment and a technology-driven platform company, today announced that, on May 5, 2026, the Company received a notification letter (“Nasdaq Notification”) from the Nasdaq Listing Qualifications Department (“Nasdaq”) notifying the Company that it is not in compliance with the minimum bid price requirement from March 23, 2026 through May 4
About this update from Kandi Technologies Group, Inc.
[{"type":"text","content":"JINHUA, China, May 08, 2026 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (“Kandi” or the “Company”) (NASDAQ GS: KNDI), a global innovator in intelligent equipment and a technology-driven platform company, today announced that, on May 5, 2026, the Company received a notification letter (“Nasdaq Notification”) from the Nasdaq Listing Qualifications Department (“Nasdaq”) notifying the Company that it is not in compliance with the minimum bid price requirement from March 23, 2026 through May 4, 2026. As set forth in the Nasdaq Listing Rules 5450(a)(1) (“Nasdaq Listing Rule”), it requires that the closing bid price for the Company’s ordinary shares listed on the Nasdaq be maintained at a minimum of $1.00 per share and failure to meet it for 30 consecutive business days constitutes a compliance deficiency.","length":817,"tagName":"p"},{"type":"text","content":"The notification has no immediate effect on the listing of the Company’s ordinary shares on the Nasdaq.","length":103,"tagName":"p"},{"type":"text","content":"In accordance with the Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from the date of notification, or until November 2, 2026 (the “Initial Compliance Period”), to regain compliance with the minimum bid price requirement. During this period, the Company’s ordinary shares will continue to trade on the Nasdaq Global Select Market. If at any time during the Initial Compliance Period, the closing bid price of the Company’s ordinary shares is at least $1.00 per share for a minimum of ten consecutive business days, Nasdaq will provide a written notification of compliance notifying that the Company has regained compliance with the minimum bid price requirement.","length":697,"tagName":"p"},{"type":"text","content":"In the event the Company does not regain compliance by November 2, 2026, it may be eligible for additional time to demonstrate compliance with the bid price requirement pursuant to Nasdaq Listing Rule 5810(c)(3)(A). To qualify, the Company would need to apply for a transfer to the Nasdaq Capital Market. In connection with such transfer, the Company must submit an online transfer application (“Transfer Application”), pay a non-refundable application fee of $5,000, and meet the continued listing requirements of the Nasdaq Capital Market. In addition, the Company would be required ...