SunCar Technology Group Inc. has received a Nasdaq notification that its Class A ordinary shares are not in compliance with the minimum bid price requirement. The notice, dated July 27, 2026, states that the closing bid price fell below $1.00 per share for 30 consecutive business days from June 10 through July 24, 2026. The notification has no immediate effect on the listing, and the company has 180 calendar days, until January 25, 2027, to regain compliance by maintaining a closing bid price of at least $1.00 for ten consecutive business days. If compliance is not achieved by that date, SunCar may be eligible for an additional 180-day period if it meets certain conditions, including the possibility of a reverse stock split. The company intends to monitor its share price and will consider available options to regain compliance.
SunCar Technology Group Inc.Received Nasdaq deficiency notice for bid price below $1.00, risking delisting if not cured.