Envirotech Vehicles gets Nasdaq deficiency notice

Envirotech Vehicles, Inc. received a Nasdaq notice on April 29, 2026 stating that stockholders’ equity reported in its Form 10-K for the year ended December 31, 2025 was below the $2,500,000 minimum required under Nasdaq Listing Rule 5550(b)(1).

Rhea-AI Filing Summary

Envirotech Vehicles, Inc. received a Nasdaq notice on April 29, 2026 stating that stockholders’ equity reported in its Form 10-K for the year ended December 31, 2025 was below the $2,500,000 minimum required under Nasdaq Listing Rule 5550(b)(1).

The company also does not meet Nasdaq’s alternative continued listing standards for market value of listed securities or net income from continuing operations. Trading of its common stock on The Nasdaq Capital Market continues for now while the company works to regain compliance.

Envirotech has until June 13, 2026 to submit a compliance plan. If Nasdaq accepts the plan, the company may have until October 26, 2026 to meet the equity requirement, though there is no assurance the plan will be accepted or that compliance will be regained.

Positive

• None.

Negative

• Nestable Nasdaq listing risk: Envirotech Vehicles’ stockholders’ equity is below the $2,500,000 minimum, and it also fails alternative market value and net income tests, creating a meaningful risk of Nasdaq Capital Market delisting if compliance is not regained within the allowed timeframe.

Insights

Equity markets and listing standards analyst

Nasdaq equity deficiency raises delisting risk for Envirotech Vehicles.

Envirotech Vehicles, Inc. has fallen below Nasdaq’s $2,500,000 minimum stockholders’ equity requirement, and also fails the alternative standards based on market value and net income. This combination places the company at clear risk of losing its Nasdaq Capital Market listing.

Nasdaq has given Envirotech until June 13, 2026 to submit a plan, with a potential extension to October 26, 2026 if the plan is accepted and progress is demonstrated. Delisting would move trading to a less liquid market, which often affects visibility and trading dynamics.

The company states it is evaluating ways to regain compliance and intends to submit a plan, but explicitly notes there is no assurance the plan will be accepted or that it can restore stockholders’ equity to the required level, underscoring the seriousness of the listing risk.

8-K Event Classification

Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

1 item

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Securities

The company received a delisting notice, failed to satisfy a continued-listing rule or standard, or transferred its listing.

Key Figures

Minimum stockholders’ equity requirement: $2,500,000 Equity below requirement: Below $2,500,000 Plan submission deadline: June 13, 2026 +1 more

4 metrics

Minimum stockholders’ equity requirement $2,500,000 Nasdaq Listing Rule 5550(b)(1) threshold for The Nasdaq Capital Market

Equity below requirement Below $2,500,000 Stockholders’ equity reported in Form 10-K for year ended December 31, 2025

Plan submission deadline June 13, 2026 45 calendar days from Nasdaq notice under Listing Rule 5810(c)(2)(C)

Potential compliance extension October 26, 2026 Up to 180 calendar days from notice date if plan accepted

Key Terms

Minimum Stockholders’ Equity Requirement, Nasdaq Listing Rule 5550(b)(1), Nasdaq Listing Rule 5810(c)(2)(C), Nasdaq Hearings Panel, +1 more

5 terms

Minimum Stockholders’ Equity Requirement financial

"the Company no longer meets the minimum shareholders’ equity requirement of $2,500,000 (the “Minimum Stockholders’ Equity Requirement”)"

Nasdaq Listing Rule 5550(b)(1) regulatory

"requirement of $2,500,000 (the “Minimum Stockholders’ Equity Requirement”) for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(1)"

Nasdaq Listing Rule 5810(c)(2)(C) regulatory

"Pursuant to Nasdaq Listing Rule 5810(c)(2)(C), the Company has 45 calendar days"

Nasdaq Hearings Panel regulatory

"Nasdaq rules would permit the Company to appeal the decision ... to a Nasdaq Hearings Panel"

A Nasdaq hearings panel is a group of experts that reviews cases when a company's stock listing is at risk of being removed from the exchange. They evaluate whether the company has met certain standards and determine if it can keep trading on Nasdaq. This process matters to investors because it can affect a company's ability to raise money and maintain credibility in the market.

forward-looking statements regulatory

"This on contains “forward-looking statements” within the meaning of the safe harbor provisions"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

Why did Envirotech Vehicles (EVTV) receive a Nasdaq deficiency notice?

Envirotech Vehicles received a Nasdaq deficiency notice because its stockholders’ equity, as reported in its Form 10-K for the year ended December 31, 2025, fell below the required $2,500,000 minimum, and it also does not meet Nasdaq’s alternative continued listing standards.

Does the Nasdaq notice immediately affect trading in Envirotech Vehicles (EVTV) stock?

The notice has no immediate effect on trading. Envirotech Vehicles’ common stock continues to trade on The Nasdaq Capital Market while the company remains subject to other listing requirements and works on a plan to regain compliance with the equity standard.

How long does Envirotech Vehicles (EVTV) have to regain Nasdaq listing compliance?

Envirotech Vehicles has 45 calendar days, until June 13, 2026, to submit a plan to regain compliance. If Nasdaq accepts the plan, Envirotech may receive up to 180 days from the notice date, until October 26, 2026, to restore stockholders’ equity.

What happens if Envirotech Vehicles (EVTV) cannot regain Nasdaq compliance?

If Envirotech’s plan is not accepted, or it fails to regain compliance within the allowed period or breaches other listing standards, Nasdaq may move to delist the stock. Envirotech could then appeal to a Nasdaq Hearings Panel, which would temporarily stay suspension or delisting actions.

Which specific Nasdaq rule is Envirotech Vehicles (EVTV) currently failing to meet?

Envirotech Vehicles is not meeting the Minimum Stockholders’ Equity Requirement of $2,500,000 for The Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(1). The company also does not currently satisfy the alternative standards based on market value of listed securities or net income from continuing operations.

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

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Accepted by SEC EDGAR 05/05/2026 - 05:05 PM Learn about SEC filing dates

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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): April 29, 2026

ENVIROTECH VEHICLES, INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware

(State or Other Jurisdiction of Incorporation)

001-38078		46-0774222
(Commission File Number)		(IRS Employer Identification No.)

7510 Ardmore Street Houston, TX		77054
(Address of Principal Executive Offices)		(Zip Code)

(870) 970-3355

(Registrant’s Telephone Number, Including Area Code)

Not Applicable 

(Former Name or Former Address, if Changed Since Last Report)

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:

☐   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))

Securities 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, $0.00001 par value	EVTV	Nasdaq Stock Market LLC

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

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 3.01.          Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On April 29, 2026, Envirotech Vehicles, Inc., a Delaware corporation (the “Company”), received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, because the stockholders’ equity for the Company was below $2,500,000 as reported on the Company’s Form 10-K for the year ended December 31, 2025, the Company no longer meets the minimum shareholders’ equity requirement of $2,500,000 (the “Minimum Stockholders’ Equity Requirement”) for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(1). Additionally, as of the date of this Current Report on Form 8-K, the Company does not meet either of the alternative Nasdaq continued listing standards under the Nasdaq Listing Rules of market value of listed securities or net income from continuing operations.

The Notice has no immediate effect on the listing or the trading of the Company’s common stock on The Nasdaq Capital Market, subject to the Company’s compliance with the other continued listing requirements.

Pursuant to Nasdaq Listing Rule 5810(c)(2)(C), the Company has 45 calendar days, or until June 13, 2026, to submit to Nasdaq a plan to regain compliance. If the Company’s plan is accepted, Nasdaq may grant an extension of up to 180 calendar days from the date of the Notice, or until October 26, 2026, to evidence compliance with the Minimum Stockholders’ Equity Requirement.

The Company is currently evaluating various courses of action to regain compliance and plans to timely submit its plan to Nasdaq to regain compliance with the Minimum Stockholders’ Equity Requirement. There can be no assurance that the Company’s plan will be accepted or that if it is, the Company will be able to regain compliance with the Minimum Stockholders’ Equity Requirement or that the Company will otherwise remain in compliance with the other listing standards for Nasdaq. If the Company’s plan to regain compliance is not accepted, or if it is and the Company does not regain compliance within 180 days from the date of Nasdaq’s letter, or if the Company fails to satisfy another Nasdaq requirement for continued listing, Nasdaq could provide notice that the Company’s common stock will become subject to delisting. In such event, Nasdaq rules would permit the Company to appeal the decision to reject the Company’s proposed compliance plan or any delisting determination to a Nasdaq Hearings Panel. The hearing request would stay any suspension or delisting action pending the conclusion of the hearing process and the expiration of any additional extension period granted by the panel following the hearing.

Cautionary Note Regarding Forward-Looking Statements

This Current Report on Form 8-K contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events, expectations or actions and involve known and unknown risks, uncertainties and other factors that could cause the Company’s actual results, levels of activity, performance or achievement to differ materially from those expressed or implied by these forward-looking statements. These risks and uncertainties include the Company’s ability to regain and maintain compliance with Nasdaq’s continued listing requirements, market conditions and other risks detailed in the Company’s most recent Annual Report on Form 10-K and the Company’s subsequent periodic reports and other filings with the SEC. You are cautioned not to place undue reliance on forward-looking statements, which are based on the Company’s current expectations and assumptions and speak only as of the date of this Current Report on Form 8-K. The Company does not intend to revise or update any forward-looking statement in this Current Report on Form 8-K as a result of new information, future events or otherwise, except as required by law.

SIGNATURES

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.

	ENVIROTECH VEHICLES, INC.
Date: May 5, 2026	By:	/s/  Phillip W. Oldridge
		Phillip W. Oldridge
		Chief Executive Officer

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