Kandi Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Compliance Deficiency

Kandi Technologies Group (NASDAQ: KNDI) received a Nasdaq notification on May 5, 2026 that its closing bid price fell below the $1.00 minimum from March 23, 2026 through May 4, 2026, creating a compliance deficiency.

Rhea-AI Summary

Kandi Technologies Group (NASDAQ: KNDI) received a Nasdaq notification on May 5, 2026 that its closing bid price fell below the $1.00 minimum from March 23, 2026 through May 4, 2026, creating a compliance deficiency. The notice does not affect listing immediately. The company has a 180-calendar-day Initial Compliance Period until November 2, 2026 to regain compliance, during which shares will continue trading on the Nasdaq Global Select Market. If the stock trades at $1.00 or higher for ten consecutive business days, Nasdaq will notify the company of regained compliance. If not cured, Kandi may apply to transfer to the Nasdaq Capital Market, seek additional time, or face delisting procedures.

Positive

• Shares continue trading on Nasdaq Global Select Market during the 180-day period
• 180-calendar-day compliance window until November 2, 2026 to regain $1.00 bid price
• Company may apply for transfer to Nasdaq Capital Market for additional cure time

Negative

• Closing bid price below $1.00 for 30 consecutive business days (Mar 23–May 4, 2026)
• Risk of delisting if compliance is not regained by November 2, 2026
• Possible reverse stock split may be required to cure the deficiency
• Staff delisting determination if bid ≤ $0.10 for ten consecutive trading days

Argus May 11 session

-6.20% close to close Open Argus

Details

News Market Reaction – KNDI

In the May 11 session, KNDI declined 6.20%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved -6.2% in the session following this news. A negative reaction despite the deficiency...

Analysis

The stock moved -6.2% in the session following this news. A negative reaction despite the deficiency having no immediate listing impact fits a pattern where the market has focused on risk signals while KNDI trades well below its 200-day MA of 1.06. Prior news, including earnings with a significant net loss and a brand upgrade, showed mostly aligned price responses. The explicit Nasdaq thresholds, such as the 180-day compliance window and $0.10 delisting trigger, underscore downside listing risk that can amplify selling pressure.

Key Figures

Minimum bid price: $1.00 per share Non-compliance period: 30 consecutive business days Initial compliance period: 180 calendar days +5 more

Minimum bid price

$1.00 per share

Nasdaq Listing Rule 5450(a)(1) requirement

Non-compliance period

30 consecutive business days

Period below $1.00 triggering deficiency

Initial compliance period

180 calendar days

Deadline to regain compliance by November 2, 2026

Compliance deadline

November 2, 2026

End of initial period under Rule 5810(c)(3)(A)

Regain compliance window

10 consecutive business days

Required at or above $1.00 bid to cure deficiency

Transfer application fee

$5,000

Non-refundable fee to apply to Nasdaq Capital Market

Delisting trigger price

$0.10

If at or below for 10 consecutive trading days

Delisting trigger period

10 consecutive trading days

At or below $0.10 closing bid price

Historical Context

5 past events · Latest: Apr 29

5 events

1. Apr 29

   Strategic CEO letter

   24h Move

   +0.9%

   CEO outlined 2026–2030 strategy and dual growth engines with strong cash metrics.

2. Apr 28

   Annual report filing

   24h Move

   +0.9%

   Filed Form 20-F for 2025, making detailed annual disclosures available to investors.

3. Apr 28

   Full-year earnings

   24h Move

   -4.8%

   Reported 2025 revenue decline and large net loss despite improved gross margin and cash.

4. Apr 22

   Earnings date notice

   24h Move

   +0.9%

   Announced timing and access details for reporting full-year 2025 financial results.

5. Mar 24

   Brand upgrade

   24h Move

   -5.4%

   Unveiled new logo and identity emphasizing intelligent platform and growth strategy.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

nasdaq listing rules 5450(a)(1), nasdaq global select market, nasdaq capital market, reverse stock split, +1 more

5 terms

nasdaq listing rules 5450(a)(1) regulatory

"As set forth in the Nasdaq Listing Rules 5450(a)(1) (“Nasdaq Listing Rule”)"

Nasdaq Listing Rule 5450(a)(1) is a stock exchange standard that requires a listed company's shares to maintain a minimum trading bid price (commonly $1.00) to remain on the exchange. It matters to investors because falling below that floor can trigger a warning and possible delisting, similar to a store losing its lease if it no longer meets a mall’s rent rules—affecting liquidity, valuation and the ease of buying or selling the stock.

nasdaq global select market regulatory

"the Company’s ordinary shares will continue to trade on the Nasdaq Global Select Market."

A Nasdaq Global Select Market listing is the highest tier of stocks on the Nasdaq exchange, reserved for companies that meet the strictest financial, reporting and governance standards. For investors, it acts like a premium quality label—signaling larger, more transparent and better-governed companies that tend to offer greater liquidity and lower perceived risk compared with lower-tier listings, making it easier to buy, sell and evaluate shares.

nasdaq capital market regulatory

"the Company would need to apply for a transfer to the Nasdaq Capital Market."

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

reverse stock split financial

"including by effecting a reverse stock split if necessary."

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

staff delisting determination regulatory

"Nasdaq will issue a Staff Delisting Determination under Rule 5810 with respect"

A staff delisting determination is a formal finding by exchange or regulatory staff that a listed security no longer meets the rules required to stay listed, similar to an official notice that a rental property no longer qualifies for occupancy. It matters to investors because it often precedes removal from the exchange, which can sharply reduce a stock’s visibility, trading liquidity and value, and may trigger urgent choices like selling, appealing the decision or seeking alternative markets.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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JINHUA, China, May 08, 2026 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (“Kandi” or the “Company”) (NASDAQ GS: KNDI), a global innovator in intelligent equipment and a technology-driven platform company, today announced that, on May 5, 2026, the Company received a notification letter (“Nasdaq Notification”) from the Nasdaq Listing Qualifications Department (“Nasdaq”) notifying the Company that it is not in compliance with the minimum bid price requirement from March 23, 2026 through May 4, 2026. As set forth in the Nasdaq Listing Rules 5450(a)(1) (“Nasdaq Listing Rule”), it requires that the closing bid price for the Company’s ordinary shares listed on the Nasdaq be maintained at a minimum of $1.00 per share and failure to meet it for 30 consecutive business days constitutes a compliance deficiency.

The notification has no immediate effect on the listing of the Company’s ordinary shares on the Nasdaq.

In accordance with the Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from the date of notification, or until November 2, 2026 (the “Initial Compliance Period”), to regain compliance with the minimum bid price requirement. During this period, the Company’s ordinary shares will continue to trade on the Nasdaq Global Select Market. If at any time during the Initial Compliance Period, the closing bid price of the Company’s ordinary shares is at least $1.00 per share for a minimum of ten consecutive business days, Nasdaq will provide a written notification of compliance notifying that the Company has regained compliance with the minimum bid price requirement.

In the event the Company does not regain compliance by November 2, 2026, it may be eligible for additional time to demonstrate compliance with the bid price requirement pursuant to Nasdaq Listing Rule 5810(c)(3)(A). To qualify, the Company would need to apply for a transfer to the Nasdaq Capital Market. In connection with such transfer, the Company must submit an online transfer application (“Transfer Application”), pay a non-refundable application fee of $5,000, and meet the continued listing requirements of the Nasdaq Capital Market. In addition, the Company would be required to meet the continued listing requirements for the market value of publicly held shares and all other initial listing standards, other than the minimum bid price requirement, and to provide written notice of its intention to cure the deficiency during the second compliance period, including by effecting a reverse stock split if necessary. Nasdaq’s staff (the “Staff”) will determine whether the Company will be able to cure this deficiency. If the Staff conclude that the Company will not be able to cure the deficiency, or if the Company determines not to submit a Transfer Application or make the required representation, Nasdaq will notify the Company that its securities will be subject to delisting, and the Company may appeal any such determination to a Nasdaq hearing panel in accordance with applicable procedures.

In addition, if, during any compliance period specified in the Nasdaq Listing Rule 5810(c)(3)(A)(iii), the Company’s ordinary shares have a closing bid price of $0.10 or less for ten consecutive trading days, Nasdaq will issue a Staff Delisting Determination under Rule 5810 with respect to such securities.

The Company intends to monitor the closing bid price of its ordinary shares between now and November 2, 2026. In the event that the Company is not eligible for additional time to regain compliance with the Nasdaq requirements toward the end of the Initial Compliance Period, the Company’s board of directors will consider available options to achieve compliance.

About Kandi Technologies Group, Inc.

Kandi Technologies Group, Inc. (NASDAQ: KNDI) is a global innovator in intelligent equipment and a technology-driven platform company. It leverages technological innovation, a global supply chain, and advanced manufacturing to transform industries and expand real-world applications, bringing technology closer to people’s everyday lives. Guided by a “one core, two growth engines” strategic framework, the Company anchors its business in all-domain intelligent vehicles, with battery swapping equipment and intelligent robotics as two strategic growth pillars. Driven by its mission to bring joy to daily life, Kandi fosters shared success and sustainable, long-term growth through open collaboration and mutually beneficial partnerships, creating enduring industrial and societal value while building a globally respected brand.

For more information, please visit ir.kandigroup.com. The Company routinely provides important updates on its website.

Safe Harbor Statement

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 terminology, 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 could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission 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. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements.

For investor and media inquiries, please contact:

Kandi Technologies Group, Inc.
Kewa Luo
Tel: +1 (212) 551-3610
Email: IR@kandigroup.com

Piacente Financial Communications
Brandi Piacente
Tel: +86-10-6508-0677
Email: Kandi@thepiacentegroup.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Kandi (KNDI) say about the Nasdaq minimum bid price notice dated May 5, 2026?

According to the company, Nasdaq notified Kandi that the closing bid was below $1.00 from March 23 to May 4, 2026, creating a compliance deficiency; the notice does not immediately affect listing and trading continues.

How long does Kandi (KNDI) have to regain compliance with Nasdaq's $1.00 minimum bid price?

According to the company, Kandi has a 180-calendar-day Initial Compliance Period ending November 2, 2026 to regain the $1.00 closing bid price for ten consecutive business days to cure the deficiency.

What happens if Kandi (KNDI) does not regain the $1.00 bid price by November 2, 2026?

According to the company, if compliance is not regained, Kandi may apply for a transfer to the Nasdaq Capital Market, request additional time, or face Nasdaq delisting procedures and potential appeal rights.

Can Kandi (KNDI) apply for extra time or other relief from Nasdaq if the share price remains under $1.00?

According to the company, Kandi may seek additional time by applying to transfer to the Nasdaq Capital Market, submitting a Transfer Application and fee, and meeting continued listing requirements except the minimum bid price.

Is there an immediate delisting risk for Kandi (KNDI) after the Nasdaq notice in May 2026?

According to the company, there is no immediate delisting; the notice starts a compliance period, but delisting could follow if the company fails to regain compliance or qualify for additional cure measures.