CN Energy Group Faces Nasdaq Delisting Amid Share Price Issues

CN Energy Group Inc's shares fell significantly, crossing below the 20-day SMA, as the company faces delisting from Nasdaq due to its share price remaining below $1 for 30 consecutive business days.

The company received a delisting notice from Nasdaq, indicating non-compliance with Listing Rule 5550(a)(2). CN Energy has executed multiple reverse stock splits over the past two years, resulting in a cumulative ratio of 750 shares, which has intensified the delisting risk. On January 21, 2026, the company submitted a hearing request to appeal the delisting decision, allowing its shares to continue trading on Nasdaq during the appeal process, thus maintaining market liquidity.

Despite the delisting risk, CN Energy's business operations remain stable, focusing on producing high-quality recyclable activated carbon and renewable energy. The company is committed to regaining compliance with Nasdaq's listing requirements.