Skycorp Solar Group Limited Announces Regaining Compliance with Nasdaq Minimum Bid Price Requirement

Skycorp Solar Group (NASDAQ: PN) announced it has regained compliance with Nasdaq's minimum bid price rule.

Rhea-AI Summary

Skycorp Solar Group (NASDAQ: PN) announced it has regained compliance with Nasdaq's minimum bid price rule. Nasdaq notified the company on April 27, 2026 that Skycorp satisfied Listing Rule 5550(a)(2) after its Class A ordinary shares closed at $1.00 or greater for 10 consecutive business days from April 13–24, 2026. Previously, Nasdaq had notified the company of noncompliance on October 30, 2025. Nasdaq stated the matter is now closed.

Positive

• Regained Nasdaq compliance with Listing Rule 5550(a)(2)
• Closing bid ≥ $1.00 for 10 consecutive business days (Apr 13–24, 2026)
• Nasdaq confirmed the matter closed on Apr 27, 2026

Negative

• Previously notified of minimum bid noncompliance on Oct 30, 2025

Argus Apr 28 session

-1.59% close to close Open Argus

Details

News Market Reaction – PN

On Apr 28, the day this news came out, PN closed 1.59% below the previous close.

Data tracked by StockTitan Argus for the Apr 28 session.

Key Figures

Minimum bid price: $1.00 per share Deficiency period length: 30 consecutive business days Compliance window: 10 consecutive business days +5 more

Minimum bid price

$1.00 per share

Nasdaq continued listing requirement under Listing Rule 5550(a)(2)

Deficiency period length

30 consecutive business days

Period below $1.00 closing bid before Oct 30, 2025 notice

Compliance window

10 consecutive business days

Closing bid at or above $1.00 from Apr 13–24, 2026

Initial deficiency notice date

Oct 30, 2025

Nasdaq notified company of minimum bid price deficiency

Compliance regained date

Apr 27, 2026

Nasdaq letter confirming minimum bid price compliance

Current share price

$2.5201

Pre-news market context for PN

52-week high

$87.40

PN is far below its 52-week high level

52-week low

$2.18

Current price modestly above 52-week low

Historical Context

4 past events · Latest: Apr 08

4 events

1. Apr 08

   Reverse share split

   24h Move

   -37.3%

   Approved 1-for-20 reverse split to consolidate share count.

2. Feb 12

   Full-year earnings

   24h Move

   +2.4%

   Reported 2025 revenue growth with lower margins and net loss.

3. Dec 04

   Share repurchase plan

   24h Move

   -0.0%

   Announced $2M buyback programme with initial 60,000 shares repurchased.

4. Nov 03

   Nasdaq deficiency notice

   24h Move

   -8.0%

   Received notice for failing $1.00 minimum bid over 30 days.

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

Key Terms

minimum bid price requirement, class a ordinary shares, listing rule 5550(a)(2)

3 terms

minimum bid price requirement regulatory

"regained compliance with the minimum bid price requirement for continued listing"

A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.

class a ordinary shares financial

"its Class A Ordinary Shares failed to maintain a minimum closing bid price"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

listing rule 5550(a)(2) regulatory

"the Company has regained compliance with Listing Rule 5550(a)(2)"

Listing Rule 5550(a)(2) is a Nasdaq listing standard that sets a minimum share-price requirement for securities to be listed or to remain listed on the Nasdaq Capital Market. It matters to investors because falling below that minimum can trigger delisting reviews or increased volatility, much like a safety bar on a ride — if a stock can’t meet the height requirement, it risks being removed from the exchange, which can reduce liquidity and access for buyers and sellers.

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

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NINGBO, China, April 28, 2026 (GLOBE NEWSWIRE) -- Skycorp Solar Group Limited (“Skycorp” or the “Company”) (NASDAQ: PN), a solar PV product provider engaged in the manufacture and sale of solar cables and solar connectors, announced today that on April 27, 2026, the Company received a formal notification letter from the Nasdaq Listing Qualifications Department confirming that the Company has regained compliance with the minimum bid price requirement for continued listing on The Nasdaq Stock Market.

Previously on October 30, 2025, Nasdaq notified the Company that its Class A Ordinary Shares failed to maintain a minimum closing bid price of $1.00 per share over the previous 30 consecutive business days, as required by the Listing Rules.

The recent notification from Nasdaq indicated that for the 10 consecutive business days from April 13, 2026, to April 24, 2026, the closing bid price of the Company's Class A Ordinary Shares was at $1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2), and Nasdaq has stated that this matter is now closed.

About Skycorp Solar Group Limited

Skycorp Solar Group Limited is a solar photovoltaic (PV) product provider focused on manufacturing and selling solar cables and connectors. Our operations are managed through our subsidiaries, including Ningbo Skycorp Solar Co., Ltd., in China.

The Company’s mission is to become a green energy solutions provider by utilizing solar power and delivering eco-friendly solar PV products. By leveraging the Company’s expertise in solar technologies and relationships with worldwide clients, it aims to expand offerings of solar PV products and energy solutions for enterprise customers. For more information, please visit: https://ir.pnrenewables.com/.

Forward-Looking Statement

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and 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, factors discussed in the “Risk Factors” section of the registration statement filed 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:
Skycorp Solar Group Limited
Cathy Li
Investor Relations
Email: pr@pnrenewables.com
Tel: +86 185 0252 9641 (CN)

WFS Investor Relations Inc.
Connie Kang
Partner
Email: ckang@wealthfsllc.com
Tel: +86 1381 185 7742 (CN)

FAQ

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

What does Skycorp (PN) regaining Nasdaq compliance mean for the stock?

It means Skycorp meets Nasdaq's minimum bid price requirement and is no longer at immediate risk of delisting. According to the company, Nasdaq confirmed compliance after shares closed at $1.00 or higher for 10 consecutive business days from April 13–24, 2026.

When did Nasdaq confirm Skycorp (PN) regained compliance with Rule 5550(a)(2)?

Nasdaq confirmed compliance on April 27, 2026 in a formal notification to the company. According to the company, the confirmation followed a 10-business-day stretch of closing bids at $1.00 or greater from April 13–24, 2026.

What triggered Skycorp's prior Nasdaq noncompliance notice in 2025?

Nasdaq previously notified Skycorp on October 30, 2025 that its Class A shares failed to maintain the $1.00 minimum closing bid. According to the company, this notice reflected a prior 30-business-day closing bid deficiency under Nasdaq rules.

How long did Skycorp need to trade at $1.00 or more to regain compliance?

Skycorp needed 10 consecutive business days with closing bids at $1.00 or greater to meet the specific compliance condition. According to the company, those 10 business days ran from April 13 through April 24, 2026.

Does Nasdaq say the compliance issue for Skycorp (PN) is fully resolved?

Yes, Nasdaq stated the matter is now closed after the company met the minimum bid requirement. According to the company, Nasdaq's April 27, 2026 notification confirmed the issue is resolved under Listing Rule 5550(a)(2).