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.
The notice does not affect the listing on the Nasdaq Capital Market at this time, the company says. If Greenland has not regained compliance by May 10, 2027, it may be eligible for additional time or may face delisting.
Greenland says its business operations are unaffected. It says it intends to monitor the closing bid price and may consider options, including a share consolidation. The company has not committed to any of them. Holders of Class A shares are the group directly exposed to the listing risk.
The company did not disclose the current share price or the shortfall from US$1.00.
Greenland filed its quarterly report on Form 10-Q with the U.S. Securities and Exchange Commission on November 12, 2026, two days after the date of the Nasdaq letter.