Greenland Technologies Holding Corporation (GTEC) has received notification from The Nasdaq Stock Market LLC regarding its continued listing status. The company was notified on September 10, 2026, that it is eligible for an additional 180-day compliance period to regain adherence to Nasdaq's minimum bid price requirement.
This development follows a previous notification in March 2026, which indicated that the closing bid price for the company's Class A ordinary shares fell below $1.00 for 30 consecutive business days. Under standard Nasdaq Listing Rule 5810(c)(3)(A), the company was initially granted 180 calendar days, or until September 8, 2026, to cure the deficiency by maintaining a minimum closing bid price of at least $1.00 for 10 consecutive business days.
The Nasdaq Staff has determined that Greenland Technologies meets all other initial listing standards, including the continued listing requirement for market value of publicly held shares. Consequently, the company has been granted a second compliance period until March 8, 2027. During this time, the company must maintain a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. The Staff has the discretion to extend this period to up to 20 consecutive business days.
The notification letter has no immediate impact on the listing of the company's Class A ordinary shares on Nasdaq. If the company fails to regain compliance by the Compliance Date of March 8, 2027, the Staff will provide written notification that the shares are subject to delisting. At that point, the company may appeal the determination to a hearings panel. The filing includes a cautionary note regarding forward-looking statements, noting that there is no assurance the company will successfully regain compliance or that an appeal would be successful.
