Thunder Power Holdings, Inc. Receives Delisting Notice From Nasdaq
Thunder Power Holdings (NASDAQ: AIEV), an electric vehicle technology innovator, announced receiving a delisting notice from Nasdaq following a hearing on April 15, 2025. The company's shares will transition to trading on the OTC Pink Open Market under symbol AIEV starting April 21, 2025.
The company is actively applying for listing on the OTCQB Venture Market and plans to eventually reapply for Nasdaq listing once qualified. This transition follows their recent move from Nasdaq Global Market to Nasdaq Capital Market on March 28, 2025.
Thunder Power is currently awaiting shareholder and regulatory approvals for their share exchange with Electric Power Technology (TWSE:4529). The company expects to begin generating initial revenue in 2025 and continues to pursue strategic M&A targets in the green energy sector. The delisting is not expected to impact business operations or SEC reporting requirements.
Thunder Power Holdings (NASDAQ: AIEV), innovatore nel settore della tecnologia per veicoli elettrici, ha annunciato di aver ricevuto un avviso di esclusione dalla quotazione da Nasdaq a seguito di un'udienza tenutasi il 15 aprile 2025. Le azioni della società passeranno a essere negoziate sul mercato OTC Pink Open sotto il simbolo AIEV a partire dal 21 aprile 2025.
L'azienda sta attivamente facendo domanda per la quotazione sul OTCQB Venture Market e prevede di ripresentare la domanda per la quotazione su Nasdaq non appena ne avrà i requisiti. Questa transizione segue il recente passaggio dal Nasdaq Global Market al Nasdaq Capital Market avvenuto il 28 marzo 2025.
Thunder Power è attualmente in attesa delle approvazioni da parte degli azionisti e degli enti regolatori per la loro operazione di scambio azionario con Electric Power Technology (TWSE:4529). La società prevede di iniziare a generare ricavi nel 2025 e continua a perseguire obiettivi strategici di fusioni e acquisizioni nel settore delle energie rinnovabili. L’esclusione dalla quotazione non dovrebbe influire sulle operazioni aziendali né sugli obblighi di rendicontazione alla SEC.
Thunder Power Holdings (NASDAQ: AIEV), innovador en tecnología para vehículos eléctricos, anunció que ha recibido un aviso de exclusión de Nasdaq tras una audiencia el 15 de abril de 2025. Las acciones de la compañía pasarán a cotizar en el mercado OTC Pink Open bajo el símbolo AIEV a partir del 21 de abril de 2025.
La empresa está gestionando activamente su inscripción en el OTCQB Venture Market y planea volver a solicitar la cotización en Nasdaq una vez que cumpla con los requisitos. Esta transición sigue a su reciente cambio del Nasdaq Global Market al Nasdaq Capital Market el 28 de marzo de 2025.
Thunder Power está a la espera de la aprobación de accionistas y reguladores para su intercambio de acciones con Electric Power Technology (TWSE:4529). La compañía espera comenzar a generar ingresos en 2025 y continúa buscando objetivos estratégicos de fusiones y adquisiciones en el sector de energía verde. Se espera que la exclusión no afecte las operaciones comerciales ni los requisitos de reporte ante la SEC.
Thunder Power Holdings (NASDAQ: AIEV)는 전기차 기술 혁신 기업으로서 2025년 4월 15일 청문회 후 나스닥 상장 폐지 통지를 받았다고 발표했습니다. 회사의 주식은 2025년 4월 21일부터 AIEV 심볼로 OTC 핑크 오픈 마켓에서 거래될 예정입니다.
회사는 OTCQB 벤처 마켓 상장을 적극 신청 중이며, 자격이 갖춰지면 나스닥 상장 재신청을 계획하고 있습니다. 이번 전환은 2025년 3월 28일 나스닥 글로벌 마켓에서 나스닥 캐피털 마켓으로 이전한 데 따른 것입니다.
Thunder Power는 현재 Electric Power Technology (TWSE:4529)와의 주식 교환에 대해 주주 및 규제 당국의 승인을 기다리고 있습니다. 회사는 2025년부터 초기 매출 발생을 기대하며, 친환경 에너지 분야에서 전략적 인수합병 대상도 지속적으로 모색하고 있습니다. 상장 폐지는 사업 운영이나 SEC 보고 의무에 영향을 미치지 않을 것으로 예상됩니다.
Thunder Power Holdings (NASDAQ: AIEV), innovateur dans la technologie des véhicules électriques, a annoncé avoir reçu un avis de radiation de la part du Nasdaq suite à une audience le 15 avril 2025. Les actions de la société seront négociées à partir du 21 avril 2025 sur le marché OTC Pink Open sous le symbole AIEV.
L'entreprise est en train de déposer une demande de cotation sur le OTCQB Venture Market et prévoit de redemander une cotation au Nasdaq dès qu’elle sera éligible. Cette transition fait suite à leur récent passage du Nasdaq Global Market au Nasdaq Capital Market le 28 mars 2025.
Thunder Power attend actuellement les approbations des actionnaires et des régulateurs pour leur échange d’actions avec Electric Power Technology (TWSE:4529). La société prévoit de générer ses premiers revenus en 2025 et continue de cibler des opérations stratégiques de fusions-acquisitions dans le secteur des énergies renouvelables. La radiation ne devrait pas affecter les opérations commerciales ni les obligations de reporting auprès de la SEC.
Thunder Power Holdings (NASDAQ: AIEV), ein Innovator im Bereich der Elektromobilitätstechnologie, gab bekannt, dass es nach einer Anhörung am 15. April 2025 eine Delisting-Mitteilung von der Nasdaq erhalten hat. Die Aktien des Unternehmens werden ab dem 21. April 2025 unter dem Symbol AIEV im OTC Pink Open Market gehandelt.
Das Unternehmen beantragt aktiv eine Notierung am OTCQB Venture Market und plant, sich nach Erfüllung der Voraussetzungen erneut für eine Nasdaq-Notierung zu bewerben. Dieser Übergang folgt auf den kürzlichen Wechsel vom Nasdaq Global Market zum Nasdaq Capital Market am 28. März 2025.
Thunder Power wartet derzeit auf die Zustimmung der Aktionäre und Aufsichtsbehörden für den Aktientausch mit Electric Power Technology (TWSE:4529). Das Unternehmen erwartet, im Jahr 2025 erste Umsätze zu erzielen und verfolgt weiterhin strategische M&A-Ziele im Bereich der grünen Energie. Das Delisting wird voraussichtlich keine Auswirkungen auf den Geschäftsbetrieb oder die SEC-Berichtspflichten haben.
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Application Process is Currently Underway to List on OTCQB
As a result, Thunder Power's common shares are expected to begin trading under the symbol AIEV on the OTC Pink Open Market operated by the OTC Markets Group, Inc. ("OTC"), commencing on April 21, 2025. The Company is in the process of applying to OTC for listing on the OTCQB® Venture Market (the "OTCQB") and, if the application is approved, will uplist from OTC-Pink to the OTCQB. The transition of the Company's listing to the OTC Pink or OTCQB is not expected to affect the Company's business operations or its reporting requirements under the rules of the Securities and Exchange Commission ("SEC").
Christopher Nicoll, Chief Executive Officer of Thunder Power, commented, "We previously announced the transfer of our listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective on March 28, 2025. However, after a hearing with a Nasdaq listing committee last week, we were unexpectedly notified of our delisting. Once we have executed on our M&A activities and are qualified, we will reapply to once again be listed on Nasdaq.
"In the near term, we are looking forward to receiving shareholder and regulatory approvals on our previously disclosed share exchange with Electric Power Technology Limited ("EPTL") (TWSE:4529)," added Nicoll. "We expect to begin generating an initial stream of revenue in 2025, which will further diversify Thunder Power as a green energy solution provider. We are excited to launch this partnership with EPTL to deliver innovative power solutions to a variety of end markets. This alliance is a deliberate next step to expand our capabilities and enter adjacent environmentally-sustainable fields as we work to bring our EV's to market. Once the EPTL transaction is completed, we will continue to pursue additional strategic M&A targets in the attractive green energy landscape throughout 2025 and beyond."
About Thunder Power Holdings, Inc.
Thunder Power is a technology innovator and a developer of innovative electric vehicles ("EVs"). The Company has developed several proprietary technologies, which are the building blocks of the Thunder Power family of EVs. The Company is focused on design and development of high-performance EVs, targeting markets initially in
Contact:
AIEV Investor Relations
AIEV@dennardlascar.com
713-529-6600
Forward-Looking Statements
This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminologies such as "believes," "expects" or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results or outcomes could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including but not limited to, (i) operational risks, such as the Company's ability to successfully execute on its business plan, its ability to complete the acquisition of Electric Power Technology Limited; its ability to receive stockholder approval to issue its common stock in relation to the Share Exchange Agreement; its ability to successfully acquire assets on terms that are favorable to the Company; its ability to integrate acquired assets effectively; and its ability to adapt operations in response to accidents, extreme weather events, natural disasters, and related economic effects; (ii) regulatory and compliance risks, such as the impact of new or amended governmental laws and regulations, including tariffs, clean energy policies, and environmental standards; changes in tax laws or tax-related matters; its ability to receive a successful audit outcome under Generally Accepted Accounting Standards; and its ability to maintain its listing on the Nasdaq Global Market or successfully transfer its listing to the Nasdaq Capital Market; (iii) financial risks, such as the Company's liquidity position and ability to obtain additional financing, if necessary; foreign currency exchange rate fluctuations; interest rate volatility; the Company's current pre-revenue status and uncertainties surrounding its ability to generate revenue in the future, including potential delays in product development, market acceptance, or achieving profitability; (iv) market and industry risks, such as fluctuations in consumer acceptance and demand for electric vehicles; competition within the EV sector; the Company's ability to integrate solar power technology into its products as part of clean energy innovation initiatives; fluctuations in the availability and cost of raw materials critical for EV production; and advancements in battery technology or alternative energy solutions that may impact market dynamics, and (v) such known factors as are detailed in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, each as filed with the Securities and Exchange Commission, and in other reports filed by the Company with the Securities and Exchange Commission from time to time and available on the SEC's website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors and those reported in the Company's filings with the Securities and Exchange Commission. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements, except as required by applicable laws, regulations or rules.
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SOURCE Thunder Power Holdings, Inc.
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