eLong Power receives non-compliance notification from Nasdaq

elong Power (ELPW) Holding Limited announced that it received a notification letter, dated October 3, 2025, from the Listing Qualifications Department of The Nasdaq Stock Market Inc., notifying the company that it is not in compliance with the requirement to maintain a minimum closing bid price of $1.00 per share, as set forth in Nasdaq Listing Rule 5450(a)(1), because the closing bid price of the company’s ordinary shares was below $1.00 per share for 30 consecutive business days. On the Notification Date, the company also received notification letters from the staff at Nasdaq notifying the company that, for the 30 consecutive business days prior to the date of the letters, the company’s Market Value of Listed Securities was below the minimum of $50M required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(2)(A) and the company’s Market Value of Publicly Held Shares was below the minimum of $15M required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(2)(C). The letters are only a notification of deficiency, not of imminent delisting, and have no current effect on the listing or trading of the company’s securities on Nasdaq.