Smart Powerr Corp. - CREG STOCK NEWS

Smart Powerr Corp. (NASDAQ: CREG) announced that it has received a notification from Nasdaq regarding its non-compliance with Listing Rule 5250(c)(1) due to the late filing of its annual report on Form 10-K for the year ending December 31, 2022. The company must submit a Compliance Plan by June 20, 2023, to rectify this issue. If accepted, CREG has until October 16, 2023, to regain compliance. The company's inability to meet the filing deadline was due to significant challenges, but the notification does not immediately affect its stock listing. Smart Powerr focuses on waste-to-energy technologies in China, tapping into a market that is projected to grow as environmental concerns rise.

Smart Powerr Corp. (NASDAQ: CREG) announced compliance with Nasdaq's Listing Rule 5250(c)(1) after timely filing its Form 10-K and quarterly reports for the periods ending December 31, 2021, March 31, 2022, and June 30, 2022. The company faced challenges in meeting its initial filing deadlines due to COVID-19 impacts in China but received an extension from Nasdaq that concluded positively upon the submission of required documents on October 11, 2022. CREG specializes in environmentally friendly waste-to-energy solutions, focusing on recycling industrial byproducts in China.

Smart Powerr Corp. (CREG) announced it received another notice of non-compliance from Nasdaq due to failing to file its Form 10-Q for the quarter ended June 30, 2022. This follows earlier notifications regarding non-compliance related to previous Forms 10-K and 10-Q. The Company is committed to updating Nasdaq on its compliance efforts. CREG, based in Xi'an, China, specializes in waste-to-energy technologies aimed at recycling industrial byproducts to generate cost-effective electricity.

Smart Powerr Corp. (CREG) announced it received a notification from Nasdaq regarding its failure to timely file required quarterly and annual reports. This non-compliance with Nasdaq Listing Rule 5250(c)(1) means CREG must submit a plan to regain compliance by June 20, 2022. If accepted, the company has until October 17, 2022, to correct the issue. The delay in filings stems from challenges related to COVID-19 in China. The notification does not immediately impact CREG's listing status on Nasdaq.

Smart Powerr Corp. (CREG) received notice from Nasdaq due to its failure to file the annual report on Form 10-K for 2021. This non-compliance with Listing Rule 5250(c)(1) requires the company to submit a Compliance Plan by June 20, 2022. If accepted, CREG has until October 17, 2022, to regain compliance. The notification does not impact the listing of CREG's shares immediately. The company cites COVID-19-related challenges in China for the delay. CREG focuses on waste-to-energy solutions and aims to address rising energy costs and environmental concerns.

China Recycling Energy Corporation (NASDAQ: CREG) announced a private placement offering on February 23, 2021, to sell approximately $38.3 million worth of common stock at a price of $11.522 per share. The transaction involves the sale of about 3,220,000 shares, which include a purchase of 1,000,000 shares by CEO Guohua Ku. This offering reflects an 8.6% premium over the closing price prior to the offering. The shares are unregistered and will require a registration statement within 180 days for resale.

China Recycling Energy Corp. (NASDAQ: CREG) announced an Equity Acquisition Agreement with Xi’an Taiying Energy Saving Technology Co., Ltd. to acquire 100% ownership of Taiying, enhancing CREG's capabilities in energy storage and power battery production. The deal, involving cash and shares, positions CREG to leverage Taiying’s advanced technology and extensive market contracts valued at nearly RMB 1 billion (over USD 150 million). This acquisition aims to optimize resource allocation and reduce costs while tapping into the growing energy storage market, aligning with CREG's strategic vision.

China Recycling Energy Corporation (NASDAQ: CREG) reported operating results for Q3 2020, highlighting a significant reduction in net loss, which narrowed by approximately 83.6% to $671,280 from $4.1 million in Q3 2019. As of September 30, 2020, the company maintained healthy cash reserves of approximately $73.8 million, an increase of $57.6 million from December 2019. Despite net sales remaining unchanged, the company is focused on cost-cutting initiatives and expects to return to profitability in FY 2020, driven by anticipated sales growth and strategic opportunities in the smart power sector.