CN Energy Group Inc. Faces Nasdaq Delisting Due to Sub-$1 Share Price
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
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Source: Yahoo Finance
- Delisting Notice: CN Energy Group has received a written notice from Nasdaq indicating that its Class A ordinary shares are at risk of delisting due to a bid price below $1.00 for 30 consecutive trading days, violating Listing Rule 5550(a)(2).
- Reverse Split Impact: The company has executed multiple reverse stock splits over the past two years, resulting in a cumulative ratio of 750 shares, which disqualifies it from any compliance period or extension, intensifying delisting pressures.
- Appeal Request: On January 21, 2026, CN Energy submitted a hearing request to appeal the delisting determination, which will stay the suspension of trading and related filings, allowing its shares to remain listed on Nasdaq during the appeal process.
- Stable Operations: Despite the delisting risk, the company's business operations and reporting obligations remain unaffected, as it continues to focus on producing high-quality recyclable activated carbon and renewable energy, maintaining its market competitiveness.
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.
