Nasdaq Panel affirms delisting; Thunder Power to suspend trading April 21

Thunder Power Holdings, Inc.

Nasdaq Hearing Panel denied continued listing on April 17, 2025; trading suspended at open April 21.
Noncompliance with Bid Price Rule ($1 minimum) and Staff determination that company is a public shell.
Company previously transferred to Nasdaq Capital Market but failed to regain compliance.
Expects to commence trading on OTC Pink tier shortly after Nasdaq delisting.

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