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EZGO Technologies Ltd. (NASDAQ:EZGO) announced Monday it has received an additional 180-day period from the Nasdaq Stock Market to regain compliance with the minimum bid price requirement of $1.00 per share, as outlined in Nasdaq Listing Rule 5550(a)(2). The company now has until December 29, 2025, to meet this requirement.
According to a press release statement, EZGO Technologies was first notified on December 30, 2024, that its ordinary shares had closed below $1.00 for 30 consecutive business days, failing to satisfy Nasdaq’s continued listing standard. The company was initially given until June 30, 2025, to address the deficiency.
On July 2, 2025, Nasdaq informed the company that it had granted an extension, providing an additional 180 calendar days to regain compliance. If EZGO Technologies does not meet the minimum bid price requirement by December 29, 2025, Nasdaq staff will issue a written notice stating that the company’s securities will be delisted. At that point, the company would have the opportunity to appeal the decision to a Nasdaq Hearings Panel.
EZGO Technologies stated it is evaluating options and intends to use all reasonable efforts to regain compliance with the continued listing requirement.
This information is based on a press release statement and the company’s SEC filing.
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