Leishen Energy Holding Co., Ltd. Announces Receipt of Nasdaq Notice Regarding Annual Meeting Requirement
Leishen Energy (NASDAQ:LSE) received a Nasdaq notice dated January 16, 2026 that it is not in compliance with Nasdaq Listing Rule 5620(a) for failing to hold an annual shareholder meeting within 12 months of its fiscal year end.
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Rhea-AI Summary
Leishen Energy (NASDAQ:LSE) received a Nasdaq notice dated January 16, 2026 that it is not in compliance with Nasdaq Listing Rule 5620(a) for failing to hold an annual shareholder meeting within 12 months of its fiscal year end. The notice does not affect current listing or trading.
The company has 45 days (until March 2, 2026) to file a compliance plan; if accepted, Nasdaq may grant up to 180 days from fiscal year end (until June 29, 2026) to regain compliance. The company intends to submit a plan to hold an annual meeting within the permitted period but warned there is no assurance Nasdaq will accept the plan.
Positive
- Nasdaq notice has no immediate effect on listing or trading
- Company intends to submit a compliance plan within 45 days
- If accepted, Nasdaq may grant compliance extension until June 29, 2026
Negative
- Noncompliance with Nasdaq Listing Rule 5620(a) for missing annual meeting
- Company must file a plan by March 2, 2026 or risk further action
- No assurance Nasdaq will accept the plan, risking potential delisting
Details
News Market Reaction – LSE
On Jan 26, the first trading day after this news, LSE closed 1.30% above the previous close.
Data tracked by StockTitan Argus for the Jan 26 session.
Key Figures
- Nasdaq Listing Rule
- 5620(a)
- Annual meeting requirement for continued Nasdaq listing
- Compliance plan window
- 45 calendar days
- Time until March 2, 2026 to submit plan to Nasdaq
- Maximum exception period
- 180 calendar days
- Potential extension until June 29, 2026 to regain compliance
- Notice date
- January 16, 2026
- Date Nasdaq sent non-compliance letter
- Listing Rule
- 5810(c)(2)(G)
- Governs compliance plan and exception process
- Current price
- $4.99
- Pre-news price vs 52-week range $4.03–$14.99
- 52-week drawdown
- 66.71%
- Price below 52-week high of $14.9899
- Market cap
- $83,936,655
- Equity value before Nasdaq compliance notice
Historical Context
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Follow-up on ADIPEC participation and deeper Middle East strategy execution.
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Debut at ADIPEC with new supply agreement and regional manufacturing rights.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
forward-looking statements regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
BEIJING, Jan. 23, 2026 (GLOBE NEWSWIRE) -- Leishen Energy Holding Co., Ltd. ("Leishen Energy"), a leading provider of clean-energy equipment and integrated solutions for the oil and gas industry, today announced that on January 16, 2026, it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with Nasdaq Listing Rule 5620(a), which requires listed companies to hold an annual meeting of shareholders no later than one year after the end of the Company’s fiscal year.
As stated in the Nasdaq letter, the Company did not hold an annual meeting of shareholders within twelve months following its fiscal year end and therefore no longer complies with the annual meeting requirement for continued listing on Nasdaq. The notification has no immediate effect on the listing or trading of the Company’s securities on Nasdaq.
In accordance with Nasdaq Listing Rule 5810(c)(2)(G), the Company has been provided a period of 45 calendar days, or until March 2, 2026, to submit a plan to regain compliance. If Nasdaq accepts the Company’s compliance plan, Nasdaq may grant an exception of up to 180 calendar days from the end of the Company’s fiscal year, or until June 29, 2026, to regain compliance with the annual meeting requirement.
The Company intends to submit a compliance plan within the required timeframe and expects that such plan will include the Company’s intention to hold an annual meeting of shareholders within the period permitted by Nasdaq, subject to Nasdaq’s acceptance of the plan. There can be no assurance that Nasdaq will accept the Company’s compliance plan or that the Company will be able to regain compliance within the applicable period.
The Nasdaq notification does not affect the Company’s ongoing business operations.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute “forward-looking statements,” including statements regarding the Company’s ability to submit a compliance plan, Nasdaq’s acceptance of such plan, and the Company’s ability to regain compliance with Nasdaq Listing Rule 5620(a). Forward-looking statements are subject to numerous risks and uncertainties, many of which are beyond the control of the Company, that could cause actual results to differ materially from those expressed or implied by such statements. The Company undertakes no obligation to update these forward-looking statements for revisions or changes after the date of this release, except as required by law.
For more information, please contact:
Investor Relations Department
Email: ir@r-egroup.com
FAQ
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