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Smart Powerr faces Nasdaq delisting after shares trade below $1 for 30 days

PUBT·05/07/2026 20:01:48
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Smart Powerr faces Nasdaq delisting after shares trade below $1 for 30 days
  • Smart Powerr received Nasdaq notice on May 1, 2026, citing noncompliance with Listing Rule 5550(a)(2) after shares closed below USD 1 for 30 consecutive trading days.
  • Nasdaq flagged ineligibility for standard compliance cure period under Rule 5810(c)(3)(A)(iv) due to a reverse stock split within prior year.
  • Trading suspension set for May 12, 2026, with Nasdaq planning to file Form 25-NSE to delist unless an appeal is requested by May 8, 2026.
  • Hearing request would stay suspension pending Panel decision; company plans to appeal, with a reverse stock split among measures under consideration to regain compliance.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Smart Powerr Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-053293), on May 07, 2026, and is solely responsible for the information contained therein.