SunCar Technology Group Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Compliance Deficiency

SunCar Technology Group (NASDAQ: SDA) announced it received a Nasdaq notification on July 27, 2026, that its Class A ordinary shares were not in compliance with the $1.00 minimum bid price requirement from June 10 through July 24, 2026.

Rhea-AI Summary

SunCar Technology Group (NASDAQ: SDA) announced it received a Nasdaq notification on July 27, 2026, that its Class A ordinary shares were not in compliance with the $1.00 minimum bid price requirement from June 10 through July 24, 2026. The notice does not immediately affect the listing, and the shares will continue trading on The Nasdaq Capital Market.

According to SunCar, the company has 180 calendar days, until January 25, 2027, to regain compliance, which would occur if its closing bid price is at least $1.00 for ten consecutive business days. SunCar may qualify for an additional 180-day period or face potential delisting, subject to Nasdaq rules and possible appeal.

Positive

• 180-day initial compliance period granted until January 25, 2027
• Ordinary shares will continue trading on The Nasdaq Capital Market during compliance period
• Potential for an additional 180 days to regain compliance if other listing standards are met

Negative

• Company is non-compliant with Nasdaq $1.00 minimum bid price rule
• Risk of delisting if compliance is not regained and extensions are unavailable or unsuccessful
• Bid price of $0.10 or less for ten days could trigger immediate Staff Delisting Determination

News Explained

The notice leaves trading in place, while a reverse split remains only a possible cure and would not itself change company value.

The July 27, 2026 Nasdaq notice is a compliance deficiency rather than an immediate listing suspension: trading continues through January 25, 2027, while a reverse stock split is identified only as a possible later cure.

A reverse stock split would reduce the number of shares and raise the per-share price proportionally; the split itself would not change company value, so no such ownership or value change is committed by this notice.

During a specified compliance period, a closing bid price of $0.10 or less for ten consecutive trading days would lead Nasdaq staff to issue a delisting determination.

Argus Aug 6 session

-2.53% close to close Open Argus

Details

News Market Reaction – SDAWW

On Aug 6, the first trading day after this news, SDAWW closed 2.53% below the previous close.

Data tracked by StockTitan Argus for the Aug 6 session.

Key Figures

Deficiency period: June 10, 2026 through July 24, 2026 Minimum bid price: $1.00 per share Deficiency threshold period: 30 consecutive business days +5 more

Deficiency period

June 10, 2026 through July 24, 2026

Minimum bid price compliance deficiency

Minimum bid price

$1.00 per share

Nasdaq continued-listing requirement

Deficiency threshold period

30 consecutive business days

Requirement for a compliance deficiency

Initial compliance period

180 calendar days

From notification date

Compliance deadline

January 25, 2027

End of Initial Compliance Period

Price compliance duration

10 consecutive business days

Required closing bid price at or above $1.00

Delisting threshold

$0.10 or less

Closing bid price for 10 consecutive trading days

Additional compliance period

180 calendar days

Potential second compliance period

Historical Context

5 past events · Latest: Jul 28

5 events

1. Jul 28

   revenue forecast

   24h Move

   +0.0%

   Forecast first-half revenue growth and reaffirmed full-year revenue guidance.

2. Jun 08

   insurance contract

   24h Move

   -7.0%

   Won exclusive insurance partnership for Huawei-backed Aistaland luxury electric vehicles.

3. May 18

   Q1 earnings forecast

   24h Move

   -14.3%

   Forecast profitability and approximately 25% year-over-year first-quarter revenue growth.

4. Apr 28

   full-year earnings

   24h Move

   -13.3%

   Reported record annual revenue and maintained 2026 revenue forecast.

5. Apr 21

   bank services contract

   24h Move

   +0.0%

   Won three-year Agricultural Bank of China chauffeur-services management contract.

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, reverse stock split, closing bid price, delisting determination

4 terms

minimum bid price requirement regulatory

"notifying the Company that its Class A ordinary shares is not in compliance"

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.

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.

closing bid price technical

"if at any time during the Initial Compliance Period, the closing bid price"

The closing bid price is the last price that a buyer was willing to pay for a security at the end of the trading day. It reflects the final visible demand for the stock — like the last offer someone makes for a used car before a yard closes — and helps investors gauge market interest, set valuations, and mark portfolios to market for that day.

delisting determination regulatory

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

A delisting determination is a formal decision by a stock exchange or regulator to remove a company’s shares from the official trading list, usually after the company fails to meet rules such as filing reports, maintaining a minimum share price, or staying solvent. It matters to investors because removal reduces or eliminates easy ways to buy or sell the shares, can sharply lower their value, and forces holders to trade in smaller, riskier markets — like having to sell a car at a neighborhood garage sale instead of a busy dealership.

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

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NEW YORK, July 30, 2026 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (“SunCar” or the “Company”) (NASDAQ: SDA), a leader in delivering AI-powered B2B auto insurance and services in China, today announced that, on July 27, 2026, the Company received a notification letter (“Nasdaq Notification”) from the Nasdaq Listing Qualifications Department (“Nasdaq”) notifying the Company that its Class A ordinary shares, par value $0.0001 per share (the “Ordinary Shares”), is not in compliance with the minimum bid price requirement from June 10, 2026 through July 24, 2026. As set forth in the Nasdaq Listing Rules 5550(a)(2) (“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 January 25, 2027 (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 Capital Market. In accordance with the Nasdaq Listing Rule 5810(c)(3)(H), 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’s staff (the “Staff”) 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 January 25, 2027, 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 for additional time, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of 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. If the Company meets these requirements, the Staff will inform the Company that it has been granted an additional 180 calendar days. However, if it appears to the Staff that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, the Staff will provide notice that its securities will be subject to delisting, in which 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 January 25, 2027. 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 SunCar Technology Group Inc.

Founded in 2007, SunCar is transforming the customer journey for auto insurance and services in China, the world’s largest passenger vehicle market. SunCar develops and operates cloud-based platforms that seamlessly connect drivers with a wide range of auto services and insurance coverage options through a nationwide network of sales partners. As a result, SunCar has established itself as the leader in China in the auto eInsurance market for electric vehicles and the B2B auto services market. The Company’s intelligent cloud platform empowers its enterprise customers to access, manage, and optimize their auto eInsurance and auto service offerings. Through SunCar, drivers gain access to a wide variety of high-quality services from tens of thousands of independent providers, all from a single application. For more information, please visit: https://ir.suncartech.com. 

Forward-Looking Statements

This press release contains information about the Company’s view of its future expectations, plans, and prospects that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. For a detailed discussion of these risks, please refer to the Company’s Annual Report on Form 20-F and other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of this press release, and the Company undertakes no obligation to update or revise these statements, except as required by law.

Contact Information:

Investor Relations: Mr. Breaux Walker
Email: IR@suncartech.com

Legal: Ms. Li Chen
Email: chenli@suncartech.com

SOURCE: SunCar Technology Group Inc.

FAQ

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

What did Nasdaq notify SunCar Technology Group (NASDAQ: SDA) about on July 27, 2026?

Nasdaq notified SunCar that its Class A ordinary shares failed to meet the $1.00 minimum bid price requirement from June 10 through July 24, 2026. According to SunCar, this constitutes a compliance deficiency but has no immediate effect on its Nasdaq listing status.

How long does SunCar Technology Group have to regain Nasdaq minimum bid price compliance?

SunCar has 180 calendar days, until January 25, 2027, to regain compliance. According to SunCar, it must achieve a closing bid price of at least $1.00 per share for ten consecutive business days during this period to satisfy Nasdaq’s requirement.

What happens if SunCar Technology Group (SDA) meets the $1.00 bid price requirement?

If SunCar’s closing bid price is at least $1.00 for ten consecutive business days, Nasdaq staff will issue a written notice confirming regained compliance. According to SunCar, its ordinary shares would then continue to be listed under the standard Nasdaq Capital Market rules.

Can SunCar Technology Group receive additional time from Nasdaq to fix its bid price deficiency?

SunCar may receive an additional 180-day compliance period if it meets other Nasdaq Capital Market initial listing standards, except the bid price rule. According to SunCar, it must also notify Nasdaq of its intention to cure, potentially via a reverse stock split.

What are the delisting risks for SunCar Technology Group if SDA remains below Nasdaq’s bid price threshold?

If SunCar cannot regain compliance or qualify for more time, Nasdaq staff may move to delist its securities. According to SunCar, it can appeal such a determination, but closing bids of $0.10 or less for ten days could trigger an expedited Staff Delisting Determination.

What does the Nasdaq minimum bid price deficiency mean for SunCar Technology Group shareholders?

The deficiency introduces a potential delisting risk if compliance is not restored. According to SunCar, shares continue trading on The Nasdaq Capital Market during the current compliance period, while the company monitors its price and evaluates options, including a possible reverse stock split.

How does SunCar Technology Group plan to address its Nasdaq bid price issue?

SunCar plans to monitor the closing bid price of its ordinary shares through January 25, 2027. According to SunCar, if it is not eligible for additional time, its board will consider available options to achieve compliance, which may include a reverse stock split.