Chijet announces receipt of Nasdaq notification for minimum bid price non-compliance

* Chijet Motor Company (NASDAQ:CJET [https://seekingalpha.com/symbol/CJET]) said it received a notice from Nasdaq stating that it is not in compliance with the exchange’s minimum bid price rule.
* Shares of the company traded below $1.00 for 30 consecutive business days, not complying with the rules of the exchange.
* The company has until April 13, 2026, to regain compliance, which will require its stock to close at or above $1.00 for at least 10 consecutive trading days.
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Chijet said it may consider options such as a reverse stock split to meet the requirement.

* CJET -2.65% after hours to $0.099.
* Source: Press Release [https://seekingalpha.com/pr/20272458-chijet-announces-receipt-of-nasdaq-notification-regarding-minimum-bid-price-compliance]

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