Thunder Power receives Nasdaq delisting notice for bid price and MVLS non-compliance

Thunder Power Holdings, Inc.

Nasdaq notified Thunder Power that it failed to regain compliance with minimum bid price ($1.00) and MVLS ($50M) rules.
Trading suspension of common stock (AIEV) scheduled for March 18, 2025 unless appeal is requested by March 14.
Company intends to request a hearing before Nasdaq Hearings Panel to stay suspension and present a compliance plan.
Previous 180-day grace period for both rules expired March 3, 2025 without compliance being achieved.
Thunder Power may consider a reverse stock split or transfer to Nasdaq Capital Market to regain compliance.

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