Erayak Faces Potential Delisting from Nasdaq

Erayak Power Solution Group Incorporation Class A (RAYA) has released an update.

Erayak Power Solution Group Inc. has been notified by Nasdaq of a failure to meet the minimum bid price requirement for continued listing on the Nasdaq Capital Market. The company has until November 11, 2024, to regain compliance, with the current listing status remaining unaffected in the short term. There is no guarantee that Erayak will achieve compliance or receive a further extension, leaving the company exploring options to address the issue.

For further insights into RAYA stock, check out TipRanks’ Stock Analysis page.