CN Energy Faces Nasdaq Delisting Due to Multiple Reverse Splits
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
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Source: seekingalpha
- Delisting Notice: CN Energy received a notice from Nasdaq determining to delist its shares for noncompliance with Listing Rule 5550(a)(2), highlighting serious compliance issues within the company.
- Impact of Reverse Splits: The company executed multiple reverse stock splits in the past three years, including a 1-for-30 split in January 2024 and a 1-for-25 split in May 2025, resulting in a cumulative 1-for-750 split that significantly reduced stock liquidity.
- Appeal Plan: On January 21, 2026, CN Energy submitted a hearing request to appeal Nasdaq's delisting decision and plans to present a plan seeking exceptions or other relief to address the compliance deficiencies identified by Nasdaq, demonstrating the company's commitment to regaining compliance.
- Stock Price Fluctuation: Despite the delisting risk, CN Energy's shares surged by 64.30% following the announcement, reflecting a certain level of market optimism regarding the company's future potential.
Analyst Views on CNEY
About CNEY
CN Energy Group Inc is a China-based holding company mainly produces and supplies wood-based activated carbon. The Company also produces biomass electricity generated in the process of producing activated carbon and provides technical service. The Company's products are primarily used in pharmaceutical manufacturing, industrial manufacturing, water purification, environmental protection, as well as food and beverage production fields.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
