FCC Chairman Raises Competition Concerns Over Netflix–Warner Bros. Discovery Deal 
BitGo IPO Prices Above Range, Raises $212.8M in Landmark Crypto Market Debut 
Winter Storm Triggers Widespread Flight Cancellations Across U.S. as Airlines Urge Travelers to Rebook 
Elon Musk Shares Bold Vision for AI, Robots, and Space at Davos 
Valero Makes First Venezuelan Crude Purchase Under New U.S.-Caracas Deal 
FAA Says It Is Not Blocking Boeing 737 MAX 7 and MAX 10 Certification 
Tesla Plans FSD Subscription Price Hikes as Autonomous Capabilities Advance 
NTSB Opens Investigation Into Waymo Robotaxis After School Bus Safety Violations in Texas 
JPMorgan and Allen & Company Emerge as Big Winners in Warner Bros Discovery Bidding War 
FSU Criticizes ANZ Over Suncorp Bank Job Cuts Amid Post-Acquisition Commitments 
SEC Drops Gemini Enforcement Case After Full Repayment to Earn Investors 
Morgan Stanley Flags High Volatility Ahead for Tesla Stock on Robotaxi and AI Updates 
SoftBank Shares Surge as AI Optimism Lifts Asian Tech Stocks 
Sanofi Reports Positive Late-Stage Results for Amlitelimab in Eczema Treatment 
Microsoft Restores Microsoft 365 Services After Widespread Outage 
U.S. Vaccine Policy Shifts Under RFK Jr. Create Uncertainty for Pharma and Investors 
Exxon Mobil’s XTO Energy Explores Sale of Eagle Ford Shale Assets in South Texas 
CN Energy Group Inc. (NASDAQ: CNEY) shares plunged sharply in after-hours trading on Friday, dropping 26.3% after the company revealed it had received a delisting determination from Nasdaq. The selloff followed investor reaction to the notice, which cited the company’s failure to maintain the minimum bid price required for continued listing on The Nasdaq Capital Market.
According to the company’s disclosure, Nasdaq’s Listing Qualifications Staff issued a written determination to delist CN Energy’s Class A ordinary shares after the stock closed below $1.00 for 30 consecutive business days. This noncompliance period ran from December 3, 2025, through January 15, 2026, placing the company in violation of Nasdaq Listing Rule 5550(a)(2), which mandates a minimum bid price of $1.00 per share.
Unlike many companies that receive similar notices, CN Energy is not eligible for a standard compliance period or extension. Nasdaq stated that the company has conducted multiple reverse stock splits within the past two years, exceeding the allowable cumulative ratio threshold. CN Energy implemented a 1-for-30 reverse stock split in January 2024, followed by a 1-for-25 reverse split in May 2025. Together, these actions resulted in a cumulative reverse split ratio of 1-for-750, which disqualifies the company from additional remediation time under Nasdaq rules.
In response, CN Energy confirmed it submitted a formal request for a hearing before a Nasdaq hearings panel on January 21, 2026. This appeal automatically stays any suspension or delisting action while the panel reviews the case. During the appeal process, the company plans to present a remediation strategy aimed at regaining compliance. CN Energy shares will continue trading on Nasdaq until a final decision is reached.
The company emphasized that the delisting notice has no impact on its day-to-day operations, financial condition, or obligations to file reports with the U.S. Securities and Exchange Commission.
CN Energy Group Inc. focuses on the production of recyclable activated carbon and renewable energy derived from forest and agricultural residues. Its products serve a broad customer base, including food and beverage companies, industrial manufacturers, and environmental protection enterprises.
