LISHUI, China, Dec. 5, 2024 /PRNewswire/ -- CN Energy Group. Inc. (NASDAQ: CNEY) ("CNEY" or the "Company") today announced that it entered into Warrant Inducement Agreements with certain holders (each, a "Holder") of the Company's existing ordinary share purchase warrants issued in January 2023 (the "Existing Warrants"), covering up to an aggregate of 6,576,278 class A ordinary shares of the Company, no par value (the "Ordinary Shares"), pursuant to which (i) the exercise price of the Existing Warrants will be reduced from $1.4529 per share to $0.32 per share (the "Reduced Exercise Price") to the extent exercised by each Holder, and (ii) in exchange for each Holder's cash payment of the Reduced Exercise Price of the Existing Warrants in part or whole, the Company will issue new unregistered ordinary share purchase warrants (the "New Warrants"), to incentivize the Holders to exercise the Existing Warrants in cash.
LISHUI, China, Dec. 3, 2024 /PRNewswire/ -- CN Energy Group. Inc. (NASDAQ: CNEY ) ("CNEY" or the "Company") today announced that o n November 26, 2024, the Company received a written notice from the Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that, while the Company has not regained compliance with the minimum $1.00 bid price per share requirement (the "Minimum Bid Price Requirement"), Nasdaq has determined that the Company is eligible for an additional 180 calendar day period, or until May 27, 2025 (the "Second Compliance Period"), to regain compliance.
LISHUI, China , Oct. 11, 2024 /PRNewswire/ -- CN Energy Group. Inc. (the "Company"; NASDAQ: CNEY), today announced that on October 9, 2024, Company received a written notice from Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it has regained compliance with the minimum market value of publicly held shares ("MVPHS") requirement (the "MVPHS Requirement") under Nasdaq Listing Rule 5550(a)(5) (the "Rule").
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LISHUI, China , Sept. 11, 2024 /PRNewswire/ -- CN Energy Group.
LISHUI, China , June 3, 2024 /PRNewswire/ -- CN Energy Group. Inc. (the "Company"; NASDAQ: CNEY) today announced that it received a written notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") on May 28, 2024.
WTI Crude Oil prices have been increasing steadily amid growing tensions in the Middle East, with ongoing developments and uncertainties driving the rise. So far this year, Crude Oil futures have surged by more than 20%, jumping from around $70 to slightly above $85 at the end of the week.
CN Energy (NASDAQ: CNEY ) stock is on the rise Wednesday as the manufacturer of wood-based activated carbon in China experiences heavy trading of its shares this morning. That heavy trading has more than 11 million shares of CNEY stock changing hands as of this writing.
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