CNEY Receives NASDAQ Minimum Bid Price Requirement Extension
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CN Energy Group Inc. (CNEY) has received a 180-day extension from Nasdaq to meet the minimum $1.00 bid price requirement, with a new deadline set for May 27, 2025.
December 03, 2024 | 11:30 pm
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CN Energy Group Inc. has been granted an additional 180 days by Nasdaq to comply with the $1.00 minimum bid price requirement, extending the deadline to May 27, 2025.
The extension provides CNEY more time to meet Nasdaq's listing requirements, which is crucial for maintaining its listing status. However, the immediate impact on stock price is neutral as it does not resolve the underlying issue of the low bid price.
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