Thunder Power (AIEV) announced that the Company received a notice from The Nasdaq Stock Market LLC that after a hearing on April 15, 2025, it has determined to delist the Company’s ordinary shares on Nasdaq Capital Market for its failure to comply with Nasdaq continued listing standards. Christopher Nicoll, Chief Executive Officer of Thunder Power, commented, “We previously announced the transfer of our listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective on March 28, 2025. However, after a hearing with a Nasdaq listing committee last week, we were unexpectedly notified of our delisting. Once we have executed on our M&A activities and are qualified, we will reapply to once again be listed on Nasdaq.
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