Thunder Power receives Nasdaq deficiency notice for MVPHS below $15M

Thunder Power Holdings, Inc.

Nasdaq notified Thunder Power on Nov 7, 2024 that MVPHS has been below $15M for 31 consecutive business days (Sep 25 – Nov 6).
Company has 180 days, until May 6, 2025, to regain compliance by closing MVPHS at $15M+ for 10 consecutive business days.
If not compliant by Compliance Date, Nasdaq will issue delisting notice; company may appeal or apply to transfer to Nasdaq Capital Market.
Stock continues trading on Nasdaq Global Market under ticker AIEV; company will monitor and take measures to regain compliance.

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