Company: CNEY
Filing Date: 2025-10-29
Form Type: F-1/A
Source: 0001477932-25-007791
Chunk: 59

Company: CN ENERGY GROUP. INC.
Filing Date: 2025-10-29
Form: F-1/A
Chunk 59
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 date, unless we timely requested a hearing before a Hearings Panel to appeal Nasdaq’s delisting determination, trading of our securities would be suspended at the opening of business on January 9, 2024. We appealed the determination pursuant to the procedures set forth in the Nasdaq Listing Rules, and a hearing before the Hearings Panel was subsequently scheduled on March 26, 2024. In addition, we effected a consolidation of our issued Class A ordinary shares, no par value, and Class B ordinary shares, no par value, which was approved by our board of directors on December 20, 2023, beginning with the opening of trading on January 19, 2024. On February 2, 2024, we received a notification from the Nasdaq Office of General Counsel stating that the Company had regained compliance with the bid price requirement as set forth in Listing Rule 5550(a)(2). As a result, the scheduled hearing before the Hearings Panel was canceled and the matter was closed.

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On May 28, 2024, we received a deficiency notice from Nasdaq notifying us that, for the last 30 consecutive business days, the closing bid price for our Class A ordinary shares had been below the minimum of $1.00 per share and did not meet the Bid Price Rule. We have been provided 180 calendar days, or until November 25, 2024, to regain compliance with the Bid Price Rule.

On September 6, 2024, we received another deficiency letter from Nasdaq stating that for the preceding 30 consecutive business days, our Class A Ordinary Shares did not meet the minimum $1,000,000 Market Value of Publicly Held Shares (“MVPHS”) requirement for continued listing on Nasdaq pursuant to Nasdaq Listing Rules 5550(a)(5) (the “MVPHS Requirement”). We have been provided an initial period of 180 calendar days, or until March 5, 2025 to regain compliance. On October 9, 2024, we received written notice from Nasdaq notifying us that, for more than the last ten consecutive business days, from September 25, 2024, through October 8, 2024, the MVPHS of our Class A Ordinary Share has been $1,000,000 or greater, thus we have regained compliance with the MVPHS Requirement.

As of the date of this prospectus supplement, our Class A ordinary shares continue to be listed and traded