Chijet Motor Company, Inc. announced on October 20, 2025, that it received a letter from The Nasdaq Stock Market LLC. The notification stated that the company is not in compliance with the minimum bid price requirement of $1.00 per share.
The non-compliance stems from the closing bid price of Chijet's Class A ordinary shares being below $1.00 for 30 consecutive business days. This notification does not immediately affect the listing of the company's shares.
Chijet has a compliance period of 180 calendar days, until April 13, 2026, to regain compliance. The company intends to monitor its share price and consider options, including a reverse stock split, to meet Nasdaq's requirements.
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