Zapp Electric Vehicles Group Ltd. is set to be delisted from the Nasdaq Capital Market, with trading of its securities suspended from the open of trading on May 20, 2025. The delisting follows the company's failure to meet the minimum bid price and market value requirements. After canceling its annual general meeting on May 15, 2025, due to an inability to achieve a quorum of shareholders, Zapp was unable to proceed with its compliance plan. Moving forward, the company expects its securities to trade on the OTC Pink Current Market and aims to qualify for the OTCQB or OTCQX markets in the future.
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