CN Energy Group Inc. $(CNEY)$, based in Zhejiang Province, China, has announced that it has regained compliance with the Nasdaq minimum bid price requirement. Initially, on May 28, 2024, the company received a deficiency notice from Nasdaq for failing to maintain a minimum closing bid price of $1.00 per share for 30 consecutive business days. Despite being granted a compliance period until November 25, 2024, CNEY had not met the requirement by that date. However, Nasdaq extended the compliance deadline to May 27, 2025. As of June 4, 2025, Nasdaq confirmed that CNEY's shares maintained a closing bid price of $1.00 or greater for 10 consecutive business days, thereby resolving the compliance issue.
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