CDT Environmental Technology Announces Receipt of Notification Letter from Nasdaq

Rhea-AI Summary

CDT Environmental Technology (NASDAQ:CDTG) has received a notification from Nasdaq on June 18, 2025, indicating non-compliance with the minimum bid price requirement as its shares traded below $1.00 for 30 consecutive business days. The company has until December 15, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. If unsuccessful, CDT may be eligible for an additional 180-day compliance period. The notification does not immediately affect CDTG's listing status or business operations, and the company remains compliant with all other Nasdaq listing standards. CDT is monitoring the situation and considering options to regain compliance.

Positive

• Company remains compliant with all other Nasdaq listing standards
• Eligible for additional 180-day compliance period if initial deadline is not met
• Initial 180-day compliance period provides time to address the issue

Negative

• Stock price has fallen below $1.00 for 30 consecutive business days
• Risk of potential delisting if compliance is not achieved
• Company may need to implement measures like reverse stock split to maintain listing

Insights

Securities Regulations Specialist

CDT faces Nasdaq delisting risk due to sub-$1 share price, has until December to regain compliance or seek extension.

CDT Environmental Technology has received a Nasdaq non-compliance notification for failing to maintain the minimum bid price requirement of $1.00 per share for 30 consecutive business days. While this doesn't trigger immediate delisting, it initiates a critical regulatory process with specific timelines and requirements.

The company now enters an initial 180-day compliance period ending December 15, 2025, during which it must achieve a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. Should CDT fail to meet this requirement, they may qualify for an additional 180-day extension if they satisfy other listing standards and formally express intent to resolve the issue.

This development signals potential underlying financial challenges at CDT but doesn't immediately impact operations or reporting obligations. For shareholders, however, it raises significant concerns about share value stability and liquidity. Companies in this position typically consider strategic options such as a reverse stock split to artificially increase share price, or fundamental business improvements to organically boost investor confidence.

The notification represents a regulatory yellow flag rather than a red one - CDT has multiple pathways to maintain its listing, but must demonstrate either market recovery or take corporate action within the specified timeframe. With all other Nasdaq listing standards reportedly met, this isolated compliance issue suggests targeted rather than systemic challenges for the company.

SHENZHEN, China, June 20, 2025 (GLOBE NEWSWIRE) -- CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG) (“CDT” or the “Company”), a leading provider of waste treatment systems and services throughout China, today announced that it received a notification letter, dated June 18, 2025 (the “Notification Letter”), from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (“Nasdaq”) indicating that the Company is no longer in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) as the Company’s closing bid price per ordinary share, par value US$0.0025 per share, was below US$1.00 for a period of 30 consecutive business days. The Notification Letter does not result in the immediate delisting of the Company’s securities.

The Company would like to clarify that the Notification Letter has no current effect on the listing or trading of the Company’s securities on Nasdaq. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has an initial compliance period of 180 calendar days, or until December 15, 2025 (the “Compliance Period”), to regain compliance with the minimum bid price requirement. If at any time during the Compliance Period the closing bid price per ordinary share is at least US$1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.

In the event that the Company does not regain compliance by December 15, 2025, subject to the determination by the staff of Nasdaq, it may be eligible for an additional 180 calendar days compliance period if it meets the continued listing requirement for market value of publicly held shares and all other initial listing standards, with the exception of the bid price requirement, and provides written notice to Nasdaq of its intention to cure for the minimum bid price requirement.

The Company intends to monitor the closing bid price of its ordinary shares between now and December 15, 2025, and is considering its options to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules. The Company is currently in compliance with all other applicable Nasdaq continued listing standards. The Notification Letter does not affect the Company’s business operations, its U.S. Securities and Exchange Commission reporting requirements or contractual obligations.

Safe Harbor Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements also include, but are not limited to, statements regarding existing and new partnerships and customer relationships, projections, estimation, and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the Company’s ability to scale and grow its business, the Company’s advantages and expected growth, and its ability to source and retain talent, as applicable. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company’s management and are not predictions of actual performance. These statements involve risks, uncertainties, and other factors that may cause the Company’s actual results, levels of activity, performance, or achievements to materially differ from those expressed or implied by these forward-looking statements. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this press release, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. The forward-looking statements in this press release represent the views of the Company as of the date of this press release. Subsequent events and developments may cause those views to change. Except as may be required by law, the Company does not undertake any duty to update these forward-looking statements.

About CDT Environmental Technology Investment Holdings Limited

CDT, headquartered in Shenzhen, China, is a leading national player in China’s waste treatment sector that designs, develops, manufactures, sells, installs, operates and maintains sewage treatment systems and provides sewage treatment services in China, and is dedicated to promoting sustainable development through innovative solutions. Founded by pioneers in waste treatment, CDT aims to advance next-generation technologies that directly address environmental challenges and promote sustainable solutions. CDT is a recognized brand in China and is committed to innovation and customer satisfaction.

CDT’s mission is to help its customers achieve their critical infrastructure objectives while enabling positive changes in technological environmental protection. It collaborates with industry leaders, environmental experts, and stakeholders to develop and implement advanced waste treatment solutions. Recently listed on the Nasdaq Capital Market, CDT is a prominent player in the waste treatment market, capable of providing comprehensive solutions to diverse customer needs, and has completed more than 150 plants across China.

For more information, visit CDT’s website at https://www.cdthb.cn

Investor and Media Contact
United States

TraDigital IR
Kevin McGrath
+1-646-418-7002
kevin@tradigitalir.com

FAQ

What is the deadline for CDTG to regain Nasdaq compliance?

CDT Environmental Technology has until December 15, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of 10 consecutive business days.

Why did CDTG receive a Nasdaq notification letter?

CDTG received the notification because its closing bid price remained below $1.00 for 30 consecutive business days, violating Nasdaq's minimum bid price requirement.

Will CDTG be immediately delisted from Nasdaq?

No, the notification does not result in immediate delisting. The company has a 180-day compliance period and may be eligible for an additional 180-day extension.

What options does CDTG have to regain Nasdaq compliance?

CDTG can regain compliance if its stock price stays above $1.00 for 10 consecutive business days before December 15, 2025. The company is considering various options to meet this requirement.

Does the Nasdaq notification affect CDTG's business operations?

No, the notification does not affect CDT's business operations, SEC reporting requirements, or contractual obligations.