Smart Powerr Corp. Regains Compliance with Nasdaq Minimum Bid Price Requirement
Rhea-AI Summary
Smart Powerr Corp. (Nasdaq: CREG) has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received confirmation from Nasdaq's Listing Qualifications Department on August 1, 2025.
To meet the compliance requirements, CREG's common stock maintained a closing bid price of $1.00 or higher for 10 consecutive business days from July 18, 2025 through July 31, 2025. This achievement satisfies Nasdaq Marketplace Rule 5550(a)(2), and the compliance matter has been closed.
Positive
- Regained Nasdaq listing compliance, removing delisting risk
- Successfully maintained stock price above $1.00 for required period
Negative
- Previous trading below $1.00 minimum bid requirement indicates historical stock price weakness
News Market Reaction
On the day this news was published, CREG gained 3.33%, reflecting a moderate positive market reaction. Argus tracked a peak move of +63.3% during that session. Argus tracked a trough of -7.6% from its starting point during tracking. Our momentum scanner triggered 45 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $210K to the company's valuation, bringing the market cap to $7M at that time. Trading volume was exceptionally heavy at 57.5x the daily average, suggesting very strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
XI’AN, China, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Smart Powerr Corp. (Nasdaq: CREG) (“CREG” or “the Company”), today announced that it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") on August 1, 2025, notifying the Company that it has regained compliance with the Nasdaq Capital Market's minimum bid price requirement.
To regain compliance with the minimum bid price requirement, the Company's common stock, par value
About Smart Powerr Corp.
Smart Powerr Corp. is based in Xi’an, China and a pioneer in waste energy recycling and a developer of energy efficiency solutions for various energy intensive industries in China. We use Build-Operate-Transfer (“BOT”) model to provide energy saving and recovery facilities for multiple energy intensive industries in China. Our waste energy recycling projects allow customers which use substantial amounts of electricity to recapture previously wasted pressure, heat, and gas from their manufacturing processes to generate electricity. We currently offer waste energy recycling systems to companies for use in nonferrous metal plants. We construct our projects at our customer’s facility and the electricity produced is used on-site by the customer. We plan to pursue disciplined and targeted expansion strategies for market areas we currently do not serve.
Forward-Looking Statement
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, underlying assumptions, and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's forecast on market trends; the Company's future business development; the demand for and market acceptance for new products; expectation to receive customer orders for new products; the anticipated timing for the marketing and sales of new products; changes in technology; the Company's ability to attract and retain skilled professionals; client concentration; and general economic conditions affecting the Company's industry and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For more information, please contact:
Smart Powerr Corp.
Jackie Yongjiang Shi
+86-29-8765-1097
4/F, Tower C
Rong Cheng Yun Gu Building, Keji 3rd Road, Yanta District
Xi’an City, Shaanxi Province, China
FAQ
What compliance requirement did Smart Powerr Corp (CREG) regain in August 2025?
How long did CREG need to maintain its stock price above $1.00 to regain Nasdaq compliance?
When did Smart Powerr Corp receive the Nasdaq compliance letter?
What is the Nasdaq minimum bid price requirement that CREG had to meet?
