Greenland Technologies Holding Corporation filed a Form 8-K on November 13, 2026, disclosing that it received a Nasdaq minimum bid price deficiency notification on November 10, 2026, after its Class A ordinary shares closed below $1.00 per share for 30 consecutive business days.

Key Highlights

  • Deficiency trigger: The closing bid price of Greenland Technologies' Class A ordinary shares was below the minimum $1.00 per share for the last 30 consecutive business days, per the filing.
  • Rule cited: The notification references Nasdaq Listing Rule 5550(a)(2), which requires a minimum closing bid price of $1.00 per share for continued listing on The Nasdaq Capital Market.
  • Not a delisting notice: According to the filing, the Bid Price Deficiency Letter "is a notice of deficiency, not delisting, and does not currently affect the listing or trading" of the shares.
  • Initial compliance deadline: The company has 180 calendar days, or until May 10, 2027, to regain compliance by maintaining a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days.
  • Potential additional period: The filing states the company may be eligible for an additional 180-calendar-day compliance period if it meets certain conditions on May 10, 2027, including providing written notice of its intent to cure the deficiency.
  • Possible remedy mentioned: The filing notes the company could cure the deficiency "including, without limitation, by effecting a share consolidation, if necessary."

Greenland Technologies Discloses Nasdaq Minimum Bid Price Warning and Compliance Timeline

According to the Form 8-K filed with the SEC on November 13, 2026, Greenland Technologies Holding Corporation (NASDAQ:GTEC) received a Bid Price Deficiency Letter from Nasdaq's Listing Qualifications staff on November 10, 2026. The letter notified the company that its Class A ordinary shares had closed below the required minimum of $1.00 per share for the preceding 30 consecutive business days, falling short of the standard set by Nasdaq Listing Rule 5550(a)(2).

The filing clarifies that the notification does not immediately affect the listing or trading of the company's shares on The Nasdaq Capital Market. The company disclosed that it has until May 10, 2027 - a period of 180 calendar days - to demonstrate compliance by sustaining a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days, unless Nasdaq requires a longer period. If the company meets the other applicable Nasdaq listing standards by May 10, 2027, and provides written notice of its intent to cure the bid price deficiency, it may qualify for a second 180-calendar-day compliance period. However, the filing states, "The Company will not be eligible for the additional compliance period if it does not appear to Nasdaq that the Company can cure the deficiency."

The company disclosed that it "intends to monitor closely the closing bid price of its Class A ordinary shares and to consider plans for regaining compliance." The filing contains forward-looking statements subject to the company's cautionary language and risk factors, including those set forth in its Form 10-Q for the quarter ended September 30, 2026. The company specifically noted it offers no assurance that it will regain compliance within any compliance period.

What Was Disclosed

Greenland Technologies disclosed receipt of a Nasdaq bid price deficiency notice on November 10, 2026, citing 30 consecutive business days below the $1.00 minimum. The company has until May 10, 2027 to regain compliance, with a possible additional 180-day extension if certain conditions are met.