U Power Limited Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
Shanghai, China, Jan. 23, 2024 (GLOBE NEWSWIRE) — U Power Limited (Nasdaq:UCAR) (the “Company” or “U Power”), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced the Company had received a notification letter (the “Notification Letter”), dated January 19, 2024, from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), indicating that it is not in compliance with the minimum bid price requirement set forth in the Nasdaq Listing Rules for continued listing on the Nasdaq.
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