New York, June 4, 2026, 16:02 EDT
Marwynn Holdings Inc. shares climbed 4% Thursday, changing hands at $0.887 on Nasdaq. The stock is still below the $1 minimum to keep its listing. Roughly 91,000 shares traded so far, putting Marwynn’s market cap at $17.9 million.
Investors have a problem. Marwynn said back in February it got a notice from Nasdaq for trading under the $1 minimum bid. The shares need to stay at $1 or higher, or they could lose their listing. Marwynn has until July 28, 2026, to get the price up and keep it above $1 for 10 straight business days to regain compliance.
Nasdaq finished regular trading by the dateline. The main session runs 9:30 a.m. to 4:00 p.m. Eastern. After-hours go until 8:00 p.m.
IWM rose around 1.6% as Marwynn traded through a choppy session. QQQ, which tracks big Nasdaq growth stocks, edged lower.
Marwynn out of Irvine, California, is in transition and doesn’t get much attention. The latest 10-Q breaks out three business lines: food and beverage, consulting, and e-waste sales. Quarterly revenue for the period ended Jan. 31 hit $1.38 million, up from $623,709 the year before. E-waste drove most of it, contributing $1 million. Net loss was $548,336, reversing a year-ago net profit of $23,418.
Marwynn is counting on its new e-waste push for growth. The company said on May 1 it aims to open its first EcoLoopX plant to produce “black mass,” the dark powder that comes from shredding old lithium-ion batteries and battery waste. Black mass contains lithium, cobalt, nickel, and manganese, which refiners can take back out. Marwynn expects to nail down its location and start the permitting process in the third quarter. Stock Titan
Marwynn CEO Yin Yan said in the release the move is “the natural next step for our circular economy strategy.” With expanded processing capacity, Marwynn gets “a significantly larger portion of the battery lifecycle value,” Yin said. Stock Titan
Marwynn is up against big names in the e-waste reverse-supply-chain sector, the company said in its filing. It listed Waste Management, Republic Services, and Sims Lifecycle Services as competitors. Waste Management and Republic both have market caps in the tens of billions. Marwynn is valued below $20 million.
Marwynn’s stock still faces financing questions. Back in April, Marwynn put in a shelf registration for up to $100 million in securities. The filing covers common shares, preferred stock, debt, warrants, and units. This lets Marwynn sell those securities later, with terms spelled out in future supplements. The shelf could also mean dilution if Marwynn issues more shares.
Nasdaq’s warning is right up front. The stock needs to trade above $1 and stay there, or the core issue isn’t fixed. The black-mass business is still waiting on site selection, permits, capital, and operational hurdles. Others have deeper pockets. Marwynn has warned about a possible delisting if compliance isn’t restored, which would likely hit liquidity and make raising capital a bigger ask.
MWYN climbed, with the chart showing some improvement, but traders still have doubts. Volume is under close watch. The $1 level is in focus. Markets want word from Marwynn on its funding and the next steps for its planned recycling plant.
