(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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