0001477932-24-003387.txt : 20240530 0001477932-24-003387.hdr.sgml : 20240530 20240530160521 ACCESSION NUMBER: 0001477932-24-003387 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240529 FILED AS OF DATE: 20240530 DATE AS OF CHANGE: 20240530 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CN ENERGY GROUP. INC. CENTRAL INDEX KEY: 0001780785 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 000000000 STATE OF INCORPORATION: D8 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39978 FILM NUMBER: 241005173 BUSINESS ADDRESS: STREET 1: BUILDING 2-B, ROOM 206 STREET 2: NO. 268 SHINIU ROAD, LIANDU DISTRICT CITY: LISHUI CITY STATE: F4 ZIP: 323010 BUSINESS PHONE: (86) 571-87555823 MAIL ADDRESS: STREET 1: BUILDING 2-B, ROOM 206 STREET 2: NO. 268 SHINIU ROAD, LIANDU DISTRICT CITY: LISHUI CITY STATE: F4 ZIP: 323010 FORMER COMPANY: FORMER CONFORMED NAME: CN ENERGY GROUP, INC. DATE OF NAME CHANGE: 20190625 6-K 1 cney_6k.htm FORM 6-K cney_6k.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the Month of May 2024

 

Commission file number: 001-39978

 

CN ENERGY GROUP. INC.

 

Building 2-B, Room 206, No. 268 Shiniu Road

Liandu District, Lishui City, Zhejiang Province

The People’s Republic of China

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒     Form 40-F ☐

 

 

 

 

Deficiency Notice Received From Nasdaq

 

On May 28, 2024, CN Energy Group. Inc. (“CNEY” or the “Company”) received a deficiency notice (the “Notice”) from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s Class A ordinary shares (the “Ordinary Shares”) had been below the minimum of $1.00 per Ordinary Share required for continued listing on the Nasdaq Capital Market (the “Minimum Bid Price Rule”) and did not meet the Minimum Bid Price Rule set forth in Nasdaq Listing Rule 5550(a)(2). The Notice has no immediate effect on the listing of the Ordinary Shares, which will continue to trade on the Nasdaq Capital Market under the symbol “CNEY” without interruption at this time.

 

In accordance with Nasdaq Listing Rules, the Company has 180 calendar days, or until November 25, 2024, to regain compliance with the Minimum Bid Price Rule. If at any time before November 25, 2024, the closing bid price of the Ordinary Shares is at least $1.00 per Class A Ordinary Share for a minimum of 10 consecutive business days, the Staff will provide written confirmation that the Company has achieved compliance with the Minimum Bid Price Rule and the matter will be closed.

 

If the Company does not regain compliance with the Minimum Bid Price Rule by November 25, 2024, the Company may be eligible for an additional 180-day calendar period to regain compliance or be subject to delisting. The Company’s business operations are not affected by the receipt of the Notice. The Company intends to monitor the closing bid price of its Class A Ordinary Shares and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse share split of its outstanding Class A Ordinary Shares, to regain compliance with the Minimum Bid Price Rule.

 

 
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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

CN Energy Group. Inc.

 

 

 

Date: May 30, 2024

By:

/s/ Wenhua Liu

 

Name:

Wenhua Liu

 

Title:

Interim Chief Executive Officer

 

 
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