MWYN Rallies in New York, Still Faces $1 Nasdaq Rule
Marwynn Holdings shares rose 4% to $0.887 Thursday but remained below Nasdaq’s $1 minimum bid requirement, risking delisting if not corrected by July 28, 2026. The Irvine, Calif.-based firm posted a quarterly net loss of $548,336 despite revenue doubling to $1.38 million, driven by e-waste sales. Marwynn plans to open its first EcoLoopX battery recycling facility this year. The company’s market value stands at $17.9 million.