Microvast Holdings, Inc. announced it received a notice from the Nasdaq Stock Market on August 26, 2026, indicating non-compliance with its listing rules. The notice was issued because the average closing bid price of the company's common stock fell below the required minimum of $1.00 per share for 30 consecutive trading days.
Key Details
- Deficiency Notice: Received from Nasdaq on August 26, 2026, for violating the minimum bid price requirement (Rule 5450(a)(1)).
- Compliance Period: The company has a 180-day grace period to regain compliance by having its closing bid price meet or exceed $1.00 per share for a sustained period.
- Immediate Impact: The notice has no immediate effect on the stock's listing or trading on Nasdaq, but the company must address the deficiency to avoid potential delisting.