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- Delisting (new) — Company received formal Nasdaq notice for failing to maintain minimum $1.00 bid price for 30 consecutive trading days.
Smart Powerr faces Nasdaq delisting, trading suspension set for May 12 after bid price violation
Filed May 7, 2026 · Period ending May 1, 2026 · ~1 min read
Key Changes
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Nasdaq notified Smart Powerr on May 1 that its stock will be suspended from trading on May 12, 2026, because shares traded below $1.00 for 30 consecutive days, violating minimum bid price requirements.
Item 3.01 verify on EDGAR → -
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Company is ineligible for the standard 180-day compliance period because it already executed a reverse stock split within the past year, leaving limited options to regain compliance.
8-K: Delisting Notice view on EDGAR → -
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Smart Powerr plans to appeal the delisting by May 8 deadline, which would temporarily halt the suspension, and is considering another reverse stock split to boost share price above $1.00.
Item 3.01 verify on EDGAR → -
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If delisted, shares would likely trade on over-the-counter markets with reduced liquidity and less institutional investor participation, potentially impacting shareholder value.
8-K: Trading Impact view on EDGAR →
Summary
Smart Powerr received a deficiency notice from Nasdaq on May 1, 2026, triggering an accelerated delisting process. The company's stock has traded below $1.00 per share for 30 consecutive days, violating exchange listing requirements.
Unlike typical cases where companies receive 180 days to fix the problem, Smart Powerr is ineligible for this grace period because it already performed a reverse stock split within the past year. Trading will be suspended on May 12 unless the company successfully appeals. For retail investors, this is a critical juncture.
Delisting from Nasdaq typically means shares move to over-the-counter markets, where liquidity dries up and institutional investors often exit positions. The company plans to appeal by the May 8 deadline and is considering another reverse stock split, but there's no guarantee either strategy will succeed. Previous reverse splits often fail to provide lasting price support if underlying business fundamentals remain weak. Watch for the company's appeal filing by May 8 and any announcement of a special shareholder meeting to approve another reverse split. If the appeal fails or compliance isn't achieved quickly, expect significant downward pressure on the stock price and reduced trading volume.
Section-by-Section Diff
Event · Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule
Smart Powerr received Nasdaq delisting notice for bid price violation; trading suspension set for May 12, 2026 unless appeal granted.
Added in current filing · verify on EDGAR →
On May 1, 2026, Smart Powerr Corp., a Nevada corporation (the “Company”) received written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, because the closing price for the Company’s common stock had fallen below $1.00 per share for 30 consecutive trading days, the Company was no longer in compliance with the requirement for continued inclusion on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a) (2) (the “Bid Price Rule”).
Smart Powerr received a deficiency notice from Nasdaq on May 1, 2026 because its stock price stayed below $1.00 for 30 consecutive trading days, violating the minimum bid price rule. The company is not eligible for the standard compliance period because it already executed a reverse stock split within the prior year. This is a serious listing compliance issue that could result in the stock being delisted from Nasdaq.
Added in current filing · verify on EDGAR →
The Notice stated that the Company’s securities will be suspended from trading on The Nasdaq Capital Market at the opening of business on May 12, 2026, and a Form 25-NSE will be filed with the U.S. Securities and Exchange Commission (the “Commission”), which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market, unless the Company requests an appeal of such determination to Nasdaq’s Hearings Panel (the “Panel”) by May 8, 2026.
Nasdaq has scheduled the company's securities for trading suspension on May 12, 2026, with formal delisting to follow via Form 25-NSE filing. The company has until May 8, 2026 to request an appeal hearing. If delisted, shares would likely move to over-the-counter markets, which typically have lower liquidity and less institutional investor participation.
Added in current filing · verify on EDGAR →
The Company intends to timely request a hearing before the Panel. The hearing request will automatically stay any suspension or delisting action pending the hearing and the expiration of any additional extension period if granted by the Panel following the hearing. In the event that the Company regains compliance with the Bid Price Rule prior to any scheduled hearing date, then a hearing may not be necessary, as the Company may be mooted out of the hearings process. The Company intends to take all reasonable measures available to regain compliance under the Bid Price Rule and remain listed on Nasdaq, including such actions as effecting a reverse stock split.
The company plans to appeal the delisting decision, which will temporarily halt the suspension while the appeal is pending. Management is considering another reverse stock split to boost the share price above $1.00 and regain compliance. However, there is no guarantee the appeal will succeed or that compliance measures will be effective, especially given that a prior reverse split has already been executed within the past year.
Added in current filing · verify on EDGAR →
Further, the Notice stated that, pursuant to Listing Rule 5810(c) (3) (A) (iv), the Company was not eligible for any compliance period specified in Rule 5810(c) (3) (A) due to the fact that the Company has effected a reverse stock split over the prior one-year period.
Unlike typical bid price violations where companies receive 180 days to regain compliance, Smart Powerr is ineligible for this grace period because it already executed a reverse stock split within the past year. This significantly reduces the company's options and timeline to address the deficiency.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 1, 2026 · How we verify