CN Energy regains Nasdaq compliance

CN Energy (CNEY) Group announced that, on March 5, it received a notification from the Office of the General Counsel of The Nasdaq Stock Market stating that the Nasdaq Hearings Panel had determined that the company had regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). Notwithstanding the Hearings Panel’s determination, the company will remain subject to a discretionary monitoring period of one year. The company’s Class A ordinary shares will continue to trade in The Nasdaq Capital Market under the ticker “CNEY.”