Smart Powerr Corp. 8-K

What Happened

• On May 1, 2026, Smart Powerr Corp. (CREG) announced it received written notice from Nasdaq that its common stock has been out of compliance with Nasdaq Listing Rule 5550(a)(2) because the closing price fell below $1.00 per share for 30 consecutive trading days. Nasdaq stated the company is not eligible for the standard compliance period under Rule 5810(c)(3)(A) because the company effected a reverse stock split within the prior year. Nasdaq indicated the company’s securities would be suspended at the opening of business on May 12, 2026 and a Form 25‑NSE would be filed to remove the listing unless the company requests a hearing by May 8, 2026.

Key Details

• Notice date: May 1, 2026; hearing request deadline: May 8, 2026; potential suspension date: May 12, 2026.
• Nasdaq cited failure to maintain a $1.00 closing bid price for 30 consecutive trading days (Listing Rule 5550(a)(2)).
• Nasdaq determined the company is ineligible for the usual compliance extension because of a reverse stock split effected within the prior 12 months (Rule 5810(c)(3)(A)(iv)).
• Smart Powerr intends to timely request a hearing before Nasdaq’s Hearings Panel (which will automatically stay any suspension/delisting while the appeal is pending) and may pursue measures such as an additional reverse stock split to regain compliance.

Why It Matters

• If the company does not obtain a hearing or the Panel does not grant continued listing, Nasdaq can suspend trading and remove Smart Powerr’s securities from the Nasdaq Capital Market, which is the outcome described in the notice. The company’s appeal request temporarily prevents suspension while the process plays out. Smart Powerr’s 8‑K also includes standard forward‑looking disclaimers noting there is no assurance the Panel will allow continued listing or that the company will regain and maintain compliance. Investors should monitor the company’s filings and any Nasdaq hearing developments for material updates.