Greenland Technologies gets Nasdaq bid-price deficiency notice
HANGZHOU — November 13, 2026 -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) has until May 10, 2027 to restore a closing bid price of at least US$1.00 on its Class A ordinary shares, after Nasdaq notified it on November 10, 2026 that it fails the minimum bid price rule. The company disclosed the letter on November 13.
The deficiency ran for 30 consecutive business days, from September 29 to November 9, 2026, based on the closing bid price of the Class A shares. The letter arrived one business day after that period ended, by FairsOnline's calculation.
Greenland must hold a US$1.00 close for 10 consecutive business days to regain compliance
The cure requires one-third as many trading days as the breach took to trigger: 10 consecutive business days at or above US$1.00, against 30 below. Nasdaq Listing Rule 5550(a)(2) sets the US$1.00 threshold. Rule 5810(c)(3)(A) provides the 180 calendar days to comply.