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Greenland Technologies Holding Corp.: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing (GTEC)

TroubleRead the original at SEC EDGAR
Bad for GTEC

GTEC's bid stayed below Nasdaq's $1.00 minimum for 30 business days, putting its listing at risk. Trading continues, and it has 180 days to comply, but the company says success is not assured.

GTEC · Greenland Technologies Holding Corp.

AI read · Bad for GTEC

The AI's read

The notice puts pressure on GTEC to lift its share bid or risk losing its Nasdaq listing. Trading can continue for now, and a second 180-day period may be available if it meets other listing rules. The company says it cannot assure it will fix the problem, so the listing risk matters more than the time it has to respond.

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