Thunder Power Holdings, Inc. (AIEV): Nasdaq/NYSE listing notice — Thunder Power Holdings transfers to Nasdaq Capital Market; still non-compliant on bid price

Thunder Power Holdings, Inc.

Approved transfer from Nasdaq Global Market to Capital Market effective March 28, 2025; trades unchanged under AIEV.
Non-compliant with $1.00 minimum bid price requirement; prior $50M MVLS rule no longer applies.
Company requested a hearing before Nasdaq Panel to seek continued listing; up to 180-day extension possible.
No assurance of regaining compliance; may evaluate options including reverse stock split.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Thunder Power Holdings, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

September 4, 2024, Nasdaq notified the Company that, based upon the closing bid price for the Company’s common stock for the 30 prior consecutive business days, the Company no longer complied Nasdaq Listing Rules 5450(a)(1), which requires the Company’s listed securities to maintain a minimum bid price of $1.00 per share (the “Bid Price Requirement”), and 5450(b)(2)(A), which requires the Company to maintain a minimum Market Value of Listed Securities (“MVLS”) of $50,000,000 (the “Prior MVLS Requirement”). As previously disclosed, on March 7, 2025, the Company received written notice from Nasd

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Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Thunder Power Holdings, Inc. received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5555(a)(1)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: minimum bid price
Rules: 5555(a)(1)

Exact text from the filing

2025, and will continue to trade under the symbol “AIEV.” As previously disclosed, on September 4, 2024, Nasdaq notified the Company that, based upon the closing bid price for the Company’s common stock for the 30 prior consecutive business days, the Company no longer complied Nasdaq Listing Rules 5450(a)(1), which requires the Company’s listed securities to maintain a minimum bid price of $1.00 per share (the “Bid Price Requirement”), and 5450(b)(2)(A), which requires the Company to maintain a minimum Market Value of Listed Securities (“MVLS”) of $50,000,000 (the “Prior MVLS Requirement”). A

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Thunder Power Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001013762-25-004098

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