Chijet Motor receives Nasdaq notice regarding minimum bid price compliance

Chijet Motor (CJET) announced it received a letter from Nasdaq notifying the company that it is not in compliance with the minimum bid price requirement of $1.00 per share. Chijet has a compliance period of 180 calendar days, or until April 13, 2026, to regain compliance. The company intends to monitor its closing bid price and will consider available options, including a reverse stock split, to regain compliance.