Thunder Power Holdings, Inc. (AIEV): Nasdaq/NYSE listing notice — 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.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Thunder Power Holdings, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5450(a)(1), 5450(b)(2)(A)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5450(a)(1), 5450(b)(2)(A)

Exact text from the filing

March 7, 2025, Thunder Power Holdings, Inc., a Delaware corporation (the “Company”) received a notification letter from the Nasdaq Listing Qualifications department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company has not regained compliance with 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 Rule”) and 5450(b)(2)(A), which requires the Company to maintain a minimum Market Value of Listed Securities (“MVLS”) of $50,000,000 (the “MVLS Rule”). Accordingly, the Nasdaq Staff has de

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Thunder Power Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-023219

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