E-Power Inc. (NASDAQ:EPOW) received a notification from the Nasdaq Stock Market on Tuesday that it failed to meet the minimum bid price requirement for continued listing.
The notification followed 30 consecutive business days from April 8, 2026 to May 19, 2026, during which the company's Class A ordinary shares closed below the required $1.00 minimum bid price. The stock currently trades at $0.67, down 64% from its 52-week high of $1.86.
The company has been granted 180 calendar days, until November 16, 2026, to regain compliance. To meet the requirement, shares must maintain a closing bid price of at least $1.00 for a minimum of 10 consecutive business days.
The notification does not immediately impact the company's listing on the Nasdaq Capital Market. E-Power stated its business operations remain unaffected.
The company will monitor the closing bid price and may consider options including a reverse share split. The stock has declined 45% over the past six months.
If compliance is not achieved by the deadline, the company may be eligible for additional time or face delisting.
E-Power manufactures graphite anode material for lithium-ion batteries through a joint venture. It operates a 50,000-ton production facility.
In other recent news, a subsidiary received a $294,000 grant, and the company plans to establish a production facility in Vietnam. Additionally, a new independent director was appointed.
