Smart Powerr receives Nasdaq non-compliance notice for bid price below $1.00

Smart Powerr Corp.

Received letter on Sept 24, 2024, for closing bid price below $1.00 for 37 consecutive business days.
Has 180 calendar days (until March 24, 2025) to regain compliance with Minimum Bid Price Requirement.
Compliance can be achieved if bid price closes at or above $1.00 for at least 10 consecutive trading days.
If not cured, may qualify for an additional 180-day period if other listing standards are met and reverse split is considered.
Company intends to take all reasonable measures to regain compliance, but no assurance of success.

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