Carbon Revolution plc, a leading manufacturer of carbon fiber wheels, has announced that it received a non-compliance notification from the Nasdaq Stock Market. The notice indicates that the company does not meet the minimum stockholder's equity requirement of 10 million, as per Nasdaq Listing Rule 5450(b)(A)$. This requirement is essential for continued listing on the Nasdaq Global Select Market. The company has 45 days to submit a plan to regain compliance, which, if accepted, could grant them an additional 180 days to meet the requirement. The notification does not immediately affect the trading of Carbon Revolution's shares or warrants.
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