04:57 PM EST, 12/31/2024 (MT Newswires) -- Ezgo Technologies ( EZGO ) late Tuesday said it has been told by Nasdaq officials that its closing bid share price has dropped below the $1 minimum needed to maintain its listing on the Nasdaq Capital Market.

Under Nasdaq rules, the Chinese fueling technology company has until June 30 to resolve the deficiency although it also may be eligible for an additional 180 days to lift its share price above the $1 minimum.