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Cenntro Electric Group Receives Non-Compliance Notice From Nasdaq

MT Newswires ·  12/29/2022 18:00

04:59 AM EST, 12/29/2022 (MT Newswires) -- Cenntro Electric Group (CENN) said Wednesday it has been notified that it is not in compliance with Nasdaq's minimum bid price rule of continued listing.

The company said it has until June 20, 2023, to regain compliance and may be eligible for an additional 180-day grace period if it meets the requirement for the market value of its shares and all other initial listing standards.

Shares of Cenntro Electric rose more than 8% in recent premarket trading activity on Thursday.

Price: 0.46, Change: +0.04, Percent Change: +8.23

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