Greenland Technologies Regains Nasdaq Minimum Bid Price Compliance

What Happened

• Greenland Technologies Holding Corp. reported that Nasdaq has determined the company regained compliance with the minimum bid price requirement of $1.00 per share for its Class A ordinary shares. Nasdaq’s letter, dated September 22, 2026, states the closing bid price met or exceeded $1.00 for 10 consecutive business days from September 8, 2026 through September 21, 2026, and that the matter is now closed.

Key Details

• Nasdaq initially notified Greenland on March 12, 2026 that the closing bid price had fallen below $1.00 for 30 consecutive business days, triggering a compliance period.
• The company had an initial 180-day cure period ending September 8, 2026 to achieve a $1.00 closing bid for 10 consecutive business days.
• On September 10, 2026 Nasdaq granted an additional 180-day extension (through March 8, 2027) after Greenland confirmed intent to cure the deficiency, including by effecting a reverse stock split if necessary.
• Nasdaq’s Sept. 22, 2026 letter confirms compliance based on the required 10-day stretch of $1.00+ closing prices (Sept. 8–21, 2026).

Why It Matters

• Regaining compliance with Nasdaq’s $1.00 minimum bid-price rule removes the immediate risk of delisting tied to that deficiency and keeps the company’s securities listed on Nasdaq without requiring emergency corporate actions.
• For investors, this provides short-term listing stability; however, continued compliance depends on maintaining a closing bid at or above $1.00, so ongoing trading price is still relevant.