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SEC filingSkycorp Solar Group Limited regained compliance with Nasdaq's minimum bid price requirement, resolving a prior deficiency and ensuring continued listing.
Skycorp Solar Group Limited announced that on April 27, 2026, it received a formal notification from Nasdaq confirming the company has regained compliance with the minimum bid price requirement for continued listing on The Nasdaq Stock Market. This follows a prior deficiency notice on October 30, 2025, when the company's Class A Ordinary Shares failed to maintain a closing bid price of $1.00 per share over 30 consecutive business days. The recent notification indicated that for the 10 consecutive business days from April 13, 2026, to April 24, 2026, the closing bid price was at $1.00 per share or greater, satisfying Listing Rule 5550(a)(2). Nasdaq has stated that this matter is now closed. This development removes the immediate risk of delisting, providing stability for investors. The company, a solar PV product provider focused on solar cables and connectors, continues to trade under the ticker PN on Nasdaq.