Microvast gets 180-day Nasdaq extension to regain $1.00 minimum bid price; transfers to Capital Market

Microvast Holdings, Inc.

Nasdaq granted Microvast until March 24, 2025 to meet the $1.00 minimum bid price requirement.
Common stock (MVST) moved from Nasdaq Global Select to Nasdaq Capital Market effective Sept 27, 2024.
Company previously received a bid price deficiency notice on April 1, 2024.
If bid price closes at $1.00+ for 10 consecutive days before March 24, 2025, compliance will be confirmed.
Failure to regain compliance could lead to delisting; Microvast may appeal any delisting determination.

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