Update: CN Energy Gets Nasdaq Extension to Comply With Listing Rule; Shares Jump Premarket

MT Newswires Live

2024/12/04

(Updates with the stock move in the headline and the first paragraph.)

CN Energy Group (CNEY) shares surged 120% pre-bell Wednesday after the company said late Tuesday it has been notified of its eligibility for a 180-day extension to regain compliance with Nasdaq's $1 per share minimum bid price requirement.

The company said the determination was based on meeting minimum listing requirements for market value and a written notice to Nasdaq of its plan to possibly implement a reverse stock split.

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