CN Energy Group Receives Nasdaq Deficiency Letter

TL;DR

Nasdaq sent CN Energy a deficiency letter on Sept 6th, might be delisted.

AI Summary

CN Energy Group, Inc. (the "Company") received a deficiency letter from Nasdaq on September 6, 2024, indicating a non-compliance with listing requirements. The Company is currently operating under the "industrial organic chemicals" SIC code.

Why It Matters

This filing indicates potential issues with the company's compliance with Nasdaq's listing standards, which could impact its stock trading status.

Risk Assessment

Risk Level: medium — Receiving a deficiency letter from Nasdaq suggests potential non-compliance with listing rules, which could lead to delisting if not resolved.

Key Players & Entities

• CN Energy Group, Inc. (company) — Filer of the report
• Nasdaq (company) — Stock exchange that issued the deficiency letter
• September 6, 2024 (date) — Date the deficiency letter was received

FAQ

Key Financial Figures

• $1,000,000 M — inary Shares") did not meet the minimum $1,000,000 Market Value of Publicly Held Shares ("MV
• $1,000,000 — mpany's Class A Ordinary Share has been $1,000,000 or greater. Accordingly, the written no

Filing Documents

• cney_6k.htm (6-K) — 12KB
• cney_ex991.htm (EX-99.1) — 6KB
• 0001477932-24-006383.txt ( ) — 19KB

From the Filing

cney_6k.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the Month of October 2024 Commission file number: 001-39978 CN ENERGY GROUP. INC. Building 2-B, Room 206, No. 268 Shiniu Road Liandu District, Lishui City, Zhejiang Province The People's Republic of China (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F As previously reported, on September 6, 2024, CN Energy Group. Inc. (the "Company") received a deficiency letter from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that, for the preceding 30 consecutive business days, the Company's Class A Ordinary Shares (the "Class A Ordinary Shares") did not meet the minimum $1,000,000 Market Value of Publicly Held Shares ("MVPHS") requirement (the "MVPHS Requirement") for continued listing on Nasdaq pursuant to Nasdaq Listing Rule 5550(a)(5) (the "Rule"). The Company was provided a period of 180 calendar days, or until March 5, 2025 (the "Compliance Date") to regain compliance with the MVPHS Requirement. On October 9, 2024, the Company received written notice from the Staff of Nasdaq notifying the Company that, for more than the last ten (10) consecutive business days, from September 25, 2024, through October 8, 2024, the MVPHS of the Company's Class A Ordinary Share has been $1,000,000 or greater. Accordingly, the written notice stated that the Company has regained compliance with the MVPHS Requirement set forth under the Rule. On October 11, 2024, the Company issued a press release announcing that it regained compliance with Nasdaq listing requirements. A copy of that press release is attached as Exhibit 99.1 hereto. 2 EXHIBITS Exhibit No. Description 99.1 Press Release 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. CN Energy Group. Inc. Date: October 11, 2024 By: /s/ Wenhua Liu Name: Wenhua Liu Title: Interim Chief Executive Officer 4

View Full Filing

View this 6-K filing on SEC EDGAR