Lobo EV Technologies Faces Nasdaq Delisting Threat

Published 6 hours agoLOBO

Lobo EV Technologies Faces Nasdaq Delisting Threat

Lobo EV Technologies Ltd. is on the edge of potential delisting from the Nasdaq Stock Market due to its failure to meet the minimum bid price requirement. As of May 16, 2025, Lobo's stock trades at $1.07, just narrowly above Nasdaq's minimum threshold of $1.00. Nasdaq mandates this requirement to ensure a minimum level of market interest and liquidity for its listed companies.

Lobo EV Technologies launched its IPO on March 21, 2024, offering 1,380,000 ordinary shares at $4.00 per share, successfully raising approximately $5.5 million, reported by GlobeNewswire. However, the stock has experienced a significant drop since then. Adding to the pressure, a lock-up period expired on September 17, 2024, allowing insiders and major shareholders to sell shares. The company's strategic financial adjustments in December 2024, including asset disposals, aimed to optimize asset management but have yet to stabilize stock performance.

Despite the adjustments, Lobo EV Technologies must navigate Nasdaq's compliance regulations closely. Similar scenarios have led to delisting for other companies such as Luokung Technology Corp. If Lobo does not achieve compliance within Nasdaq's specified period, it risks suspension of trading and potential delisting. The company can appeal through Nasdaq's Listing Qualifications Hearings Panel, making this a critical juncture for stakeholders.

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