CNEY Receives Nasdaq Notifications Regarding Minimum Market Value of Publicly Held Shares Requirement [Yahoo! Finance]
CN Energy Group Inc. - Class A Ordinary Shares (CNEY)
Company Research
Source: Yahoo! Finance
Company received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is currently not in compliance with certain requirements under the relevant Nasdaq Listing Rules. The letter (the "MVPHS Deficiency Letter") notified the Company that, for the preceding 30 consecutive business days of the MVPHS Deficiency Letter, the Company's Class A Ordinary Shares (the "Class A Shares") did not meet the minimum Market Value of Publicly Held Shares ("MVPHS") requirement for continued listing on Nasdaq pursuant to Nasdaq Listing Rules 5550(a)(5) (the "MVPHS Requirement"). This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The MVPHS Deficiency Letter has no immediate effect on the listing of the Company's Class A Shares, which will continue to trade uninterrupted on Nasdaq under the ticker symbol "CNEY." Pursuant to Nasdaq Listing R
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