Kandi Technologies Group, Inc. (NASDAQ: KNDI), a prominent player in intelligent equipment and technology-driven platforms, has announced a compliance notification from Nasdaq regarding its stock price. The notification, which was received on May 5, 2026, informs the company that it has not adhered to the minimum bid price requirement mandated by Nasdaq. This deficiency was identified during the period from March 23, 2026, to May 4, 2026, when the closing bid price of Kandi’s ordinary shares fell below the required $1.00 threshold.

2. Understanding Nasdaq Compliance Rules

According to Nasdaq Listing Rule 5450(a)(1), companies listed on the exchange must maintain a minimum closing bid price of $1.00 per share for their ordinary shares. Failing to meet this requirement for 30 consecutive business days constitutes a compliance deficiency, which Kandi is now facing.

The notification does not immediately affect the trading status of Kandi’s shares on the Nasdaq Global Select Market. The company has been granted a 180-day Initial Compliance Period, ending on November 2, 2026, to regain compliance with this rule. During this time, Kandi’s shares will continue to be traded as usual.

3. Steps Towards Compliance

To regain compliance, Kandi must ensure that its ordinary shares close at or above the $1.00 mark for a minimum of ten consecutive business days. If the company successfully meets this condition, it will receive a written notification from Nasdaq confirming its compliance.

In the event that Kandi does not achieve the required bid price by the end of the Initial Compliance Period, it may seek an additional extension. This would involve applying for a transfer to the Nasdaq Capital Market, which entails compliance with additional listing requirements, including submitting a non-refundable application fee of $5,000, and possibly implementing a reverse stock split if deemed necessary.

4. The Road Ahead

Kandi has indicated its intention to closely monitor the closing bid price of its ordinary shares through the compliance period. Should the company find itself unable to regain compliance, its board of directors will explore available options to address the situation.

Furthermore, it is important to note that if Kandi’s ordinary shares fall to a closing bid price of $0.10 or less for ten consecutive trading days during any compliance period, this could trigger a Staff Delisting Determination.

5. About Kandi Technologies Group, Inc.

Kandi Technologies is recognized for its innovative approach to intelligent equipment and technology-driven solutions. The company focuses on enhancing industries through technological innovation, emphasizing battery swapping equipment and intelligent robotics as key growth areas. Kandi’s strategic vision is underpinned by its commitment to fostering long-term sustainable growth and creating value through collaboration and partnerships.

As Kandi navigates this compliance challenge, investors and market watchers will be keenly observing the company's efforts to stabilize its stock price and maintain its Nasdaq listing.

Original press release