Nasdaq bid-price deficiency puts Greenland Technologies (Nasdaq: GTEC) listing at risk
Rhea-AI Filing Summary
Greenland Technologies Holding Corporation reported that Nasdaq has notified the company its Class A ordinary shares no longer meet the minimum bid price requirement for continued listing on the Nasdaq Capital Market. The closing bid price has stayed below US$1.00 per share for 30 consecutive business days, triggering a deficiency notice rather than an immediate delisting.
The company has until September 8, 2026 to regain compliance by achieving a closing bid of at least US$1.00 for a minimum of 10 consecutive business days, with the possibility of an additional 180-day period if other listing criteria are satisfied. Greenland’s shares remain listed during this time, and the company states that its business operations are not affected by the notice. Management plans to monitor the share price and may consider options such as a share consolidation to restore compliance, while acknowledging there is no assurance that compliance will be regained.
Positive
- None.
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- Nasdaq minimum bid price deficiency and delisting risk: Greenland Technologies has received formal notice that its shares no longer meet Nasdaq’s US$1.00 minimum bid requirement, creating a defined timeline and explicit risk of eventual delisting if compliance is not restored.
Insights
Nasdaq bid-price deficiency introduces tangible delisting risk for GTEC.
Greenland Technologies has fallen out of compliance with Nasdaq’s
The company has until
While operations are described as unaffected, the potential for eventual delisting if compliance is not restored is explicit. Actual outcomes will depend on future share-price performance and whether the company implements corporate actions such as a consolidation during the available compliance periods.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On March 12, 2026, Greenland Technologies Holding Corporation (the “Company”) received a notification letter (the “Bid Price Deficiency Letter”) from the Listing Qualifications staff of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s Class A ordinary shares has been below the minimum $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (“Rule 5550(a)(2)”). The Bid Price Deficiency Letter is a notice of deficiency, not delisting, and does not currently affect the listing or trading of the Company’s Class A ordinary shares on The Nasdaq Capital Market.
The Company has 180 days, or until September 8, 2026, to regain compliance with Rule 5550(a)(2) by maintaining a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days. Additionally, the Company may be eligible for an additional compliance period of 180 calendar days if, on September 8, 2026, the Company meets the continued listing requirement for market value of publicly held shares and all other applicable standards for initial listing on the Nasdaq Capital Market (with the exception of the closing bid price requirement) based on the Company’s then most recent public filings and market information, and the Company provides written notice to Nasdaq of its intent to cure during such additional compliance period of 180 calendar days the deficiency in the Company’s compliance with the minimum closing bid price requirement of Rule 5550(a)(2), including, without limitation, by effecting a share consolidation, if necessary.
The Company intends to monitor closely the closing bid price of its Class A ordinary shares and to consider plans for regaining compliance with Rule 5550(a)(2). While the Company plans to review all available options, there can be no assurance that it will be able to regain compliance with the applicable rules during the 180-day compliance period ending on September 8, 2026, any additional compliance period, or at all.
Item 7.01 Regulation FD Disclosure
On March 16, 2026, the Company issued a press release announcing the receipt of the Bid Price Deficiency Letter.
The information in this Item 7.01 and Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as expressly set forth by specific reference in such filing.
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Item 9.01 Financial Statements and Exhibits
(b) Exhibits. The following exhibits are included in this report:
| No. | Description | |
| 99.1 | Press Release – Greenland Technologies Holding Corporation Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency | |
| 104 | Cover Page Interactive Data File (formatted in iXBRL) |
Cautionary Note Regarding Forward-Looking Statements
Any statements in this Current Report on Form 8-K about the Company’s future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties and actual results may differ materially from those expressed or implied by such forward-looking statements. Such statements include, but are not limited to, statements about the Company’s ability to regain compliance with Nasdaq Listing Rule 5550(a)(2), the Company’s plans and actions to cure the bid price deficiency, the Company’s eligibility for an additional compliance period, and other statements containing the words “believes,” “anticipates,” “plans,” “expects,” “intends,” and similar expressions. Risks that contribute to the uncertain nature of the forward-looking statements include: the Company’s ability to maintain a closing bid price of at least $1.00 per share for the requisite period, the Company’s ability to satisfy the conditions for an additional compliance period, general market conditions affecting the trading price of the Company’s Class A ordinary shares, as well as other risks and uncertainties set forth in the Company’s Periodic Report on Form 10-Q for the quarter ended September 30, 2025 filed with the SEC and in subsequent filings with the SEC. All forward-looking statements contained in this Current Report on Form 8-K speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether because of new information, future events or otherwise.
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Greenland Technologies Holding Corporation |
| Dated: March 16, 2026 | By: | /s/ Raymond Z. Wang |
| Name: | Raymond Z. Wang | |
| Title: | Chief Executive Officer |
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Exhibit 99.1
Greenland Technologies Holding Corporation Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
EAST WINDSOR, NJ, March 16, 2026 -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) (“Greenland” or the “Company”), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced that the Company received a written notification (the “Notification Letter”) from the Nasdaq Stock Market LLC (“Nasdaq”) on March 12, 2026, notifying the Company that it is not in compliance with the minimum bid price requirement set forth in the Nasdaq Listing Rules for continued listing on the Nasdaq.
Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of US$1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company’s Class A ordinary shares for the 30 consecutive business days from January 28, 2026 to March 11, 2026, the Company no longer meets the minimum bid price requirement.
The Notification Letter does not impact the Company’s listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until September 8, 2026, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company’s Class A ordinary shares must have a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days. In the event the Company does not regain compliance by September 8, 2026, the Company may be eligible for additional time to regain compliance or may face delisting.
The Company’s business operations are not affected by the receipt of the Notification Letter. The Company intends to monitor the closing bid price of its Class A ordinary shares and may, if appropriate, consider implementing available options, including, but not limited to, implementing a share consolidation, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.
About Greenland Technologies Holding Corporation
Greenland Technologies Holding Corporation (Nasdaq: GTEC) is a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles. For more information, please visit the Company’s website at https://ir.gtec-tech.com.
Forward-Looking Statements
This press release contains forward-looking statements, including statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except to the extent required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s quarterly report on Form 10-Q, filed with the SEC on November 7, 2025, and other filings with the U.S. Securities and Exchange Commission.
For more information, please contact:
Greenland Technologies Holding Corporation
Investor Relations
Tel: 1 (888) 827-4832
ir@gtec-tech.com
FAQ
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Filing Exhibits & Attachments
4 documents