Enlightify Inc. Receives Continued Listing Standards Notice from the New York Stock Exchange

Rhea-AI Summary

Enlightify (NYSE:ENFY) has received a notice from the New York Stock Exchange regarding non-compliance with continued listing standards. The NYSE notification indicates that ENFY's 30-trading-day average closing price fell below $1.00, the minimum requirement for NYSE listing.

The company has until February 27, 2026 to regain compliance by achieving a $1.00 or higher share price. Enlightify must notify NYSE of its intent to cure the deficiency by September 11, 2025. The company continues to trade on NYSE during this period, and the notice does not affect business operations, SEC reporting obligations, or existing debt arrangements.

Positive

• Company maintains NYSE listing status during compliance period
• No impact on business operations or debt arrangements
• Six-month cure period provided to address share price deficiency

Negative

• 30-trading-day average stock price below $1.00 NYSE requirement
• Risk of potential NYSE delisting if compliance not achieved by February 2026
• Company must demonstrate ability to maintain share price above $1.00

XI’AN, CHINA, Sept. 02, 2025 (GLOBE NEWSWIRE) -- On August 27, 2025, Enlightify Inc. (NYSE: ENFY) (“Enlightify” or the “Company”) was notified by the New York Stock Exchange (“NYSE”) that the 30-trading-day average closing price per share of the Company’s common stock was below $1.00, which is the minimum average share price required for continued listing under NYSE rules.

As required by NYSE rules, no later than September 11, 2025, the Company will notify the NYSE of its intent to cure the share price deficiency and to return to compliance with this continued listing standard. Under NYSE rules, the Company has six months (subject to possible extension) to regain compliance with this continued listing standard and avoid delisting. In particular, each of the ending and 30-trading-day average share prices of the Company’s common stock must equal or exceed $1.00 on February 27, 2026 (unless extended) or on the last trading day of any month prior to that date.  

The Company’s common stock continues to be listed and traded on the NYSE, subject to the Company’s compliance with other NYSE continued listing requirements.  The NYSE notification does not affect the Company’s business operations or its Securities and Exchange Commission reporting obligations. The NYSE notification does not conflict with or cause an event of default under any of the Company’s material debt arrangements or other agreements.

About Enlightify Inc.

The Company produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its wholly owned subsidiaries, i.e.: Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. (“Jinong”), Beijing Gufeng Chemical Products Co., Ltd (“Gufeng”) and variable interest entities. In 2023, the Company started to purchase digital asset mining machines and established Antaeus Tech Inc. (“Antaeus”) in the State of Delaware and mined digital assets bitcoins in the State of Texas.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the Company’s business, products and financial results. The Company’s actual results may differ materially from those anticipated in the forward-looking statements depending on a number of risk factors including, but not limited to, the following: general economic, business and environment conditions; development, shipment, market acceptance, additional competition from existing and new competitors; interest rate and currency exchange rate fluctuations; the impact of the recent global outbreak of novel coronavirus disease (COVID-19); technological advances, new products attained by competitors; challenges inherent in new product development; the Company’s ability to accurately predict future market conditions; manufacturing difficulties or delays; financial instability of economies and sovereign risk; dependence on the effectiveness of the Company’s protections for innovative products; the exposure to litigation and/or regulatory actions, and various other factors beyond the Company’s control. All forward-looking statements are expressly qualified in their entirety by this Safe Harbor Statement and the risk factors detailed in the Company’s reports filed with the SEC. Enlightify undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release, except as required by applicable law or regulations.    

For more information, please contact:

Enlightify Inc.
Tel: +86-29-88266383
Email: info@cgagri.com

SOURCE Enlightify Inc.

FAQ

What is the NYSE listing compliance issue facing Enlightify (ENFY)?

Enlightify's 30-trading-day average closing share price has fallen below $1.00, which violates NYSE's minimum price requirement for continued listing.

When must Enlightify (ENFY) regain compliance with NYSE listing standards?

Enlightify must regain compliance by February 27, 2026, or by the last trading day of any month before that date.

What happens if Enlightify (ENFY) fails to meet NYSE's $1.00 share price requirement?

If Enlightify fails to achieve and maintain a $1.00 share price by the deadline, the company could face delisting from the New York Stock Exchange.

Does the NYSE notice affect Enlightify's (ENFY) current business operations?

No, the NYSE notification does not affect Enlightify's business operations, SEC reporting obligations, or existing debt arrangements.

What must Enlightify (ENFY) do to maintain its NYSE listing?

Enlightify must achieve and maintain both a closing share price and 30-trading-day average share price of $1.00 or higher by the compliance deadline.