Sunrise New Energy has received a formal notification from the Nasdaq Capital Market, dated September 9, 2024, notifying the Company that it has regained compliance with the minimum bid price requirement as set forth under NASDAQ Listing Rule 5550(a)(2) for continued listing on Nasdaq. The Nasdaq staff made this determination of compliance after the closing bid price of the Company’s common stock has been at $1.00 per share or greater for the last 10 consecutive business days from August 22, 2024 to September 6, 2024. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and the bid price deficiency matter is now closed.
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