KNDI Shares Stay Below $1 as Nasdaq Deadline Looms
Kandi Technologies Group Inc. traded at about 72 cents Friday, staying under the $1 mark that has become the focus for the China-based EV and off-road vehicle company. MarketBeat had KNDI at $0.72, off 0.3%, at 11:06 a.m. Eastern. Kandi’s still facing the Nasdaq clock. In its May 8 filing, the company said it had been notified by Nasdaq that KNDI dropped below the exchange’s $1 minimum bid requirement. That rule says a stock’s closing bid, or what buyers are offering, needs to stay at $1 or more.