Greenland gets second Nasdaq bid-price compliance period through March 8, 2027

Greenland Technologies Holding Corporation (Nasdaq: GTEC) received a September 10, 2026 Nasdaq Staff letter granting a second 180-day period, through March 8, 2027, to regain compliance with the $1.00 minimum bid-price requirement under Rule 5550(a)(2), after its initial period ended September 8. The company disclosed its intention to effect a reverse stock split if necessary, and said the letter has no immediate impact on its Nasdaq listing. The disclosure appears in its September 11 Form 8-K, accession number 0001213900-26-099268.

FACT: A second deadline for the bid-price deficiency

Greenland's additional compliance period follows a deficiency first communicated by Nasdaq Listing Qualifications on March 12, 2026. According to the company's latest filing, that earlier letter said the closing bid price of its Class A ordinary shares had been below $1.00 for 30 consecutive business days, leaving the company out of compliance with Nasdaq Listing Rule 5550(a)(2).

Under Rule 5810(c)(3)(A), Greenland initially had 180 calendar days, through September 8, 2026, to regain compliance. That required a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days before the initial deadline. The September 10 Staff letter establishes a second 180-day period ending March 8, 2027.

The company reported the new letter in a Form 8-K filed September 11, 2026, under accession number 0001213900-26-099268. September 10 is the filing's period of report and earliest reported event date. The disclosure therefore concerns a Thursday Staff letter reported in a Friday filing.

FACT: Why Nasdaq allowed more time

The Staff determined that Greenland met the continued listing requirement for market value of publicly held shares and all other applicable initial listing standards for the Nasdaq Capital Market except the bid-price requirement. That determination, together with the company's written notice of its intention to cure the deficiency during the second period by effecting a reverse stock split if necessary, formed the basis for eligibility for the additional time.

Greenland said the letter has no immediate impact on the Nasdaq listing of its Class A ordinary shares. The company also said it intends to monitor the closing bid price actively and, as appropriate, evaluate available options to resolve the deficiency and regain compliance.

CONTEXT: A conditional split intention

The reverse stock split language describes an intention to act if necessary. It does not establish that a split has been approved or effected. The Form 8-K discloses no split ratio, and it does not settle whether or when a proposal would go to shareholders. Readers should distinguish that conditional intention from a completed corporate action.

The additional period also does not mean Greenland has already regained bid-price compliance. It gives the company another defined window in which to satisfy the requirement. Equally, the letter is not a final delisting determination or a Hearings Panel determination. Its immediate consequence is a new compliance deadline, with the listing unaffected by the letter itself.

FACT: The compliance test and failure path

During the second period, Greenland must maintain a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days to receive Nasdaq's written confirmation of compliance. The Staff may extend that required run to as many as 20 consecutive business days at its discretion. A single qualifying close would therefore not satisfy the disclosed test.

If Greenland does not regain compliance by March 8, 2027, the Staff will provide written notification that its Class A ordinary shares are subject to delisting. The company may appeal that determination to a hearings panel, but the filing says there can be no assurance an appeal would succeed. That is a conditional process described in the filing, not an announced delisting outcome.

UNKNOWN: How Greenland will resolve the deficiency

The filing does not establish whether Greenland will regain compliance by the second deadline or whether a reverse stock split will be needed. It provides no approved split ratio or implementation date. The next substantive question is whether the company can meet the consecutive-business-day bid-price test within the additional period; any later split decision, compliance confirmation or delisting notice would require a separate disclosure.

Filing reference

Primary disclosure: Form 8-K AccNo 0001213900-26-099268 (Items 3.01 and 9.01).