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Erayak Power Solution Group Inc. (NASDAQ:RAYA) has regained compliance with the Nasdaq Capital Market’s minimum bid price requirement, according to a statement released Tuesday based on a recent SEC filing.
The company had previously received a notice from Nasdaq on September 3, 2025, indicating that its securities had closed at $0.10 or less for ten consecutive trading days, violating Nasdaq Listing Rule 5810(c)(3)(A)(iii). The letter also noted that Erayak Power Solution Group’s Class A ordinary shares had traded below $1 per share for 30 consecutive business days, resulting in non-compliance with Listing Rule 5450(a)(1). As a result, Nasdaq staff determined to delist the company’s securities from the exchange.
Erayak Power Solution Group appealed the delisting determination, which temporarily stayed the process. To address the compliance issue, shareholders and the Board of Directors approved a 220-for-1 reverse stock split on September 8, 2025. The change was filed with the Cayman Registrar the same day and approved by Nasdaq to take effect on September 30, 2025.
Following the reverse stock split, the company’s Class A ordinary shares closed at $1.00 per share or higher for ten consecutive business days, from September 30 to October 13, 2025. On October 14, 2025, Nasdaq confirmed that Erayak Power Solution Group had regained compliance with the minimum bid price requirement under Rule 5550(a)(2), and the hearing to appeal the delisting determination was cancelled.
As of the date of the report, Erayak Power Solution Group has 854,061 Class A ordinary shares outstanding.
This information is based on a press release statement contained in the company’s SEC filing.
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