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XI’AN, China - Smart Powerr Corp. (NASDAQ:CREG), currently trading at $1.50, has regained compliance with Nasdaq Capital Market’s minimum bid price requirement, the company announced Wednesday. According to InvestingPro data, the stock has experienced significant volatility, falling over 80% year-to-date.
The waste energy recycling firm received a letter from Nasdaq’s Listing Qualifications Department on August 1, confirming that it had successfully maintained a closing bid price of at least $1.00 per share for 10 consecutive business days, from July 18 through July 31, 2025.
This compliance achievement resolves the company’s previous listing issue with Nasdaq Marketplace Rule 5550(a)(2), according to the press release statement.
Smart Powerr, based in Xi’an, China, specializes in waste energy recycling and energy efficiency solutions for various energy-intensive industries in China. The company implements a Build-Operate-Transfer model to provide energy saving facilities, primarily focusing on nonferrous metal plants.
The company’s systems capture previously wasted pressure, heat, and gas from manufacturing processes to generate electricity, which is then used on-site by customers.
Smart Powerr trades on the Nasdaq Capital Market under the ticker symbol CREG.
In other recent news, Smart Powerr Corp. announced a 1-for-10 reverse stock split of its common stock. This move is primarily aimed at maintaining compliance with the Nasdaq Capital Market’s minimum bid price requirement. The reverse split will take effect after market close on July 17, 2025, with trading on a post-split basis starting on July 18. While the company’s ticker symbol will remain unchanged, the CUSIP number will be updated to 168913408. This development is part of the company’s efforts to adhere to Nasdaq’s listing standards.
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