Sunrise announces receipt of nasdaq notification regarding minimum bid price requirement

Zibo, china, march 19, 2024 (globe newswire) -- sunrise new energy co., ltd. (“sunrise”, the “company”, “we” or “our”) (nasdaq: epow), today announced that it has received a letter (the "notification letter") from the nasdaq stock market llc ("nasdaq") on march 14, 2024, notifying the company that it no longer meets the minimum bid price requirement set forth in the nasdaq listing rules. the notification letter has no immediate impact on the listing or trading of the company's shares on nasdaq. the notification letter does not affect the company's business operations, its u.s. securities and exchange commission reporting requirements, or contractual obligations.
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