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CBAK Energy (NASDAQ: CBAT) wins Cayman redomicile vote and regains Nasdaq bid-price compliance

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

CBAK Energy Technology, Inc. reported that stockholders approved a plan to change the company’s place of incorporation from Nevada to the Cayman Islands through a merger with its wholly owned subsidiary, CBAT Cayman. Each existing share of CBAK common stock will be cancelled and exchanged for one ordinary share of CBAT Cayman, so ownership percentages remain the same.

At the special meeting, 48,005,537 votes were cast in favor of the redomicile merger, 1,710,559 against, and 558,784 abstained. A related proposal allowing potential adjournment of the meeting also passed. Separately, CBAK received notice from Nasdaq on March 17, 2026 that it has regained compliance with the $1 minimum bid price requirement, after its shares closed at or above $1 from February 17 to March 16, 2026.

Positive

  • Nasdaq listing compliance restored: Nasdaq notified the company on March 17, 2026 that it regained compliance with the $1 minimum bid price rule after its stock closed at or above $1 from February 17 to March 16, 2026, easing near-term delisting risk.

Negative

  • None.

Insights

CBAK shareholders approved a Cayman redomicile and the company regained Nasdaq bid-price compliance.

The vote greenlights a redomicile merger where CBAK Energy, a Nevada corporation, merges into wholly owned CBAT Cayman. Each existing common share converts into one CBAT Cayman ordinary share, preserving proportional ownership while shifting the corporate jurisdiction offshore.

Support was strong, with 48,005,537 votes in favor versus 1,710,559 against. A backup adjournment proposal also passed, though it was ultimately unnecessary. In a separate development, Nasdaq confirmed bid-price compliance after at least 30 consecutive business days at or above $1 per share, removing an immediate listing-risk overhang.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of Earliest Event Reported): March 18, 2026

 

CBAK ENERGY TECHNOLOGY, INC. 

(Exact name of registrant as specified in its charter)

 

Nevada   001-32898   86-0442833
(State or other jurisdiction
of incorporation)
  (Commission File No.)   (IRS Employer
Identification No.)

 

BAK Industrial Park, Meigui Street
Huayuankou Economic Zone
Dalian, China, 116450
(Address, including zip code, of principal executive offices)
 
(+86)(411)-3918-5985
(Registrant’s telephone number, including area code)
 
 
(Former name or former address, if changed since last report)

 

Securities registered or to be registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, $0.001 par value   CBAT   The Nasdaq Stock Market LLC

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

ITEM 5.07. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

 

On March 18, 2026, CBAK Energy Technology, Inc. (the “Company”) held a Special Meeting of Stockholders (the “Special Meeting”) at the Company’s principal executive office in Dalian, China. Holders of the Company’s common stock at the close of business on January 20, 2026 (the “Record Date”) were entitled to vote at the Special Meeting. As of the Record Date, there were 88,645,836 shares of common stock outstanding and entitled to vote. A total of 50,274,880 shares of common stock (56.71%), constituting a quorum, were present in person or by valid proxies at the Special Meeting.

 

The stockholders voted on two proposals at the Special Meeting. Each proposal is described in detail in the Company’s proxy statement/prospectus dated January 16, 2026, the relevant portions of which are incorporated herein by reference. The final results for the votes regarding each proposal are set forth below.

 

Proposal 1 – To approve and adopt the agreement and plan of merger (the “Merger Agreement”) by and between the Company and CBAT Cayman, an exempted company incorporated under the laws of the Cayman Islands and a wholly owned subsidiary of the Company, which includes a plan of merger required to be filed with the Register of Companies in the Cayman Islands, substantially in the form attached as Exhibit A to the Merger Agreement, pursuant to which the Company will merge with and into CBAT Cayman, with CBAT Cayman continuing as the surviving company resulting from the merger, and each issued and outstanding share of the common stock of the Company will be cancelled in exchange for one ordinary share of CBAT Cayman (the “Redomicile Merger”). The adoption of the Proposal 1 required the affirmative vote of a majority of the outstanding shares of the Company’s common stock. The votes regarding this proposal were as follows:

 

Votes For   Votes Against   Abstentions
48,005,537   1,710,559   558,784

 

Proposal 2 – To approve one or more adjournments of the Special Meeting, if necessary, to solicit additional proxies if there were not sufficient votes in favor of the foregoing proposal. The adoption of Proposal 2 required the affirmative vote of a majority of the shares of the common stock present in person or represented by proxy and entitled to vote that are actually voted on the matter. The votes regarding this proposal were as follows:

 

Votes For   Votes Against   Abstentions
47,967,297   2,173,476   134,107

 

All two proposals were approved by the Company’s stockholders.

 

Item 8.01. Other Events.

 

On March 17, 2026, the Company received a notification letter from the Listing Qualifications department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company had regained compliance with the $1 minimum bid price requirement for continued listing on Nasdaq.

 

As previously reported, on October 1, 2025, the Company had received a notification letter from the Nasdaq Listing Qualifications department stating that, for the prior 30 consecutive business days, the closing bid price of the Company’s common stock had been below the minimum of $1 per share required for continued listing on Nasdaq. Subsequently, Nasdaq determined that, from February 17, 2026 to March 16, 2026, the closing bid price of the Company’s common stock had been at $1 per share or greater. Accordingly, the Company had regained compliance with Nasdaq Listing Rule 5550(a)(2).

 

1

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  CBAK ENERGY TECHNOLOGY, INC.
     
Date: March 19, 2026 By: /s/ Jiewei Li
    Jiewei Li
    Chief Financial Officer

 

2

FAQ

What did CBAK Energy Technology (CBAT) shareholders approve at the special meeting?

Shareholders approved a redomicile merger where CBAK, a Nevada corporation, will merge into CBAT Cayman. Each existing CBAK common share will be cancelled and exchanged for one ordinary share of CBAT Cayman, keeping investors’ proportional ownership unchanged while moving incorporation to the Cayman Islands.

How did CBAK Energy (CBAT) shareholders vote on the redomicile merger proposal?

The redomicile merger received 48,005,537 votes for, 1,710,559 votes against, and 558,784 abstentions. Approval required support from a majority of outstanding common shares, so the proposal passed with a clear margin based on the shares entitled to vote as of the record date.

Will CBAK Energy (CBAT) shareholders receive new shares after the merger?

Yes. In the merger, each issued and outstanding CBAK common share will be cancelled and exchanged for one ordinary share of CBAT Cayman. This one-for-one exchange means investors keep the same number of shares and ownership percentage, but in a Cayman-incorporated company.

Did CBAK Energy (CBAT) regain compliance with Nasdaq listing requirements?

Yes. On March 17, 2026, Nasdaq informed CBAK that it had regained compliance with the $1 minimum bid price rule. Nasdaq determined that, from February 17 to March 16, 2026, the stock’s closing bid price was at or above $1 per share, resolving the earlier deficiency notice.

Why had CBAK Energy (CBAT) previously received a Nasdaq bid-price deficiency notice?

On October 1, 2025, Nasdaq notified CBAK that its closing bid price had been below $1 per share for 30 consecutive business days. This fell short of Nasdaq Listing Rule 5550(a)(2), which requires a minimum $1 bid price for continued listing on the exchange.

What was the quorum and share base for CBAK Energy’s special meeting vote?

Shareholders of record on January 20, 2026 held 88,645,836 common shares entitled to vote. At the special meeting, 50,274,880 shares, or 56.71% of those outstanding shares, were present in person or by valid proxy, satisfying quorum requirements to conduct the business on the agenda.

Filing Exhibits & Attachments

3 documents
Cbak Energy Technology Inc

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