Lobo EV Technologies Ltd. $(LOBO)$, based in Wuxi, China, announced on May 16, 2025, that it has received a notification from the Nasdaq Stock Market indicating non-compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market. The company's ordinary shares have closed below $1.00 per share for 33 consecutive business days, from March 26 to May 12, 2025. Lobo has until November 10, 2025, to regain compliance by ensuring its share price meets or exceeds $1.00 for at least 10 consecutive business days. The company is exploring all available options to address the issue, including a potential reverse stock split, to maintain its Nasdaq listing. The notification currently has no immediate impact on the trading of Lobo's shares.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.