CN Energy Group Faces Nasdaq Delisting Due to Share Price Below $1
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
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Source: PRnewswire
- Delisting Notice: CN Energy received a written notice from Nasdaq indicating that its Class A ordinary shares have closed below $1 for 30 consecutive business days, resulting in non-compliance with Listing Rule 5550(a)(2).
- Reverse Split Impact: The company is ineligible for any compliance period due to multiple reverse stock splits over the past two years, with a cumulative ratio of 750 shares, exacerbating delisting risks.
- Appeal Request: 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.
- Stable Operations: Despite the delisting risk, the company's business operations and reporting obligations remain unaffected, continuing to focus on producing high-quality recyclable activated carbon and renewable energy.
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.
