CSUN ordered to de-list from NASDAQ

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
China Sunergy (CSUN) has been ordered to de-list from the NASDAQ stock exchange after failing to regain compliance. Source: China Sunergy.

China Sunergy (CSUN) has been ordered to de-list from the NASDAQ stock exchange after failing to regain compliance.

The company was notified in September that its market value had been below US$15 million for 30 consecutive trading days. It was then given 180 calendar days, or until 1 March 2016 to regain compliance with the rule.

Unless CSUN requests an appeal, its shares will be suspended from the opening of business on 14 March.

The company was notified on 29 February 2016 that it had also failed to meet compliance rules regarding its share price falling below US$1. It was given 180 days to regain compliance by registering 10 consecutive trading days above US$1. It has also been warned previously over the timing of its results filings.

Read Next

February 25, 2022
Indian independent power producer (IPP) ReNew Power posted a 25.6% jump in revenue for the first nine months of the fiscal year 2022 (FY22) compared with the same period in the 2021 fiscal year, while its net losses soared as a result of its August IPO on the NASDAQ.
August 24, 2021
Indian independent power producer (IPP) ReNew Power has completed its planned business combination with RMG Acquisition Corporation (RMG II) and has today began trading on the NASDAQ
April 28, 2021
FTC Solar has downgraded the pricing of its initial public offering (IPO) and will list at a price of US$13 per share, rather than initial target range of US$18 – 20.
April 20, 2021
US solar tracker company FTC Solar become the latest tracker provider to launch an initial public offering (IPO), aiming to raise up to US$423 million.
February 25, 2021
Independent power producer ReNew Power has agreed to go public through a merger with RMG Acquisition Corporation II, a US special purpose acquisition company (SPAC), in a deal that values the combined entity at US$8 billion
January 20, 2021
Shoals Technologies Group, an electrical balance of systems (BOS) solutions provider for solar and storage projects, has announced the launch of its Initial Public Offering (IPO).

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
October 4, 2022
New York, USA