EZGO Technologies (NASDAQ: EZGO) Restores Nasdaq Bid Price Compliance
Rhea-AI Filing Summary
EZGO Technologies Ltd. has regained compliance with Nasdaq’s minimum bid price rule after previously falling below the required US$1.00 per share for 30 consecutive business days. Nasdaq had granted the company until December 29, 2025 to restore its share price under Listing Rule 5550(a)(2).
To address the issue, EZGO implemented a 1-for-25 reverse share split on November 21, 2025, consolidating every twenty-five ordinary shares into one, with fractional shares rounded to the nearest whole share. After this change, the closing bid price stayed at or above US$1.00 per share for 13 consecutive business days from November 21 through December 10, 2025, and Nasdaq has confirmed that the compliance matter is now closed.
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Insights
EZGO restores Nasdaq bid price compliance via a 1-for-25 reverse split.
EZGO had fallen out of compliance with Nasdaq Listing Rule 5550(a)(2) after its ordinary shares traded below US$1.00 for 30 consecutive business days. Nasdaq then provided an additional 180 days, until December 29, 2025, for the company to bring its share price back into line with the minimum bid requirement.
The company executed a 1-for-25 reverse share split on November 21, 2025, combining every twenty-five ordinary shares into one and rounding fractional positions to the nearest whole share. This corporate action increases the per-share trading price without changing overall market capitalization.
Following the reverse split, the closing bid stayed at or above US$1.00 per share for 13 consecutive business days from November 21 through December 10, 2025. Nasdaq has confirmed that EZGO once again meets the minimum bid price requirement and that the compliance matter is closed, while this update does not provide new information on revenue, earnings, or operations.