JINHUA, China, May 08, 2026 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (“Kandi” or the “Company”) (NASDAQGS:KNDI), a global innovator in intelligent equipment and a technology-driven platform company, today announced that, on May 5, 2026, the Company received a notification letter (“Nasdaq Notification”) from the Nasdaq Listing Qualifications Department (“Nasdaq”) notifying the Company that it is not in compliance with the minimum bid price requirement from March 23, 2026 through May 4, 2026. As set forth in the Nasdaq Listing Rules 5450(a)(1) (“Nasdaq Listing Rule”), it requires that the closing bid price for the Company’s ordinary shares listed on the Nasdaq be maintained at a minimum of $1.00 per share and failure to meet it for 30 consecutive business days constitutes a compliance deficiency.
Read more at globenewswire.comKandi Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Compliance Deficiency
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