- Thunder Power Holdings (AIEV, Financial) to be delisted from Nasdaq, shares to trade on OTC Pink Open Market starting April 21, 2025.
- The company plans to apply for listing on the OTCQB Venture Market and eventually reapply to Nasdaq.
- Thunder Power is set to begin generating revenue in 2025 and continues to pursue M&A targets in the green energy sector.
Thunder Power Holdings, Inc. (AIEV), an innovator in electric vehicle technology, has received a delisting notice from Nasdaq following a hearing on April 15, 2025. The company, which recently transferred its listing from the Nasdaq Global Market to the Nasdaq Capital Market on March 28, 2025, will see its shares transition to trading on the OTC Pink Open Market under the ticker symbol AIEV starting April 21, 2025.
The transition comes as Thunder Power failed to comply with Nasdaq's continued listing standards. Despite this setback, the company is actively applying for a listing on the OTCQB Venture Market and has plans to reapply for a Nasdaq listing once it meets the necessary qualifications. This move is not expected to impact the company’s business operations or SEC reporting requirements.
Thunder Power is awaiting shareholder and regulatory approvals for its share exchange with Electric Power Technology Limited (TWSE:4529), which signals a strategic push into the green energy sector. The company anticipates starting to generate revenue in 2025. CEO Christopher Nicoll stated that this collaboration with Electric Power Technology will enhance their capacity to deliver innovative power solutions and expand into environmentally-sustainable fields. Additionally, Thunder Power continues to pursue strategic mergers and acquisitions in the clean energy landscape.
