SunCar Technology Group Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Compliance Deficiency

SunCar Technology Group has disclosed that they recently received a notification from Nasdaq concerning a deficiency in meeting the minimum bid price requirement. The notification indicates that the company's common stock has fallen below the minimum bid price of $1 per share for continued listing on the exchange. SunCar Technology Group has been given a grace period of 180 calendar days, until a specific deadline, to regain compliance by having its stock reach or surpass the minimum bid price for at least ten consecutive business days. Failure to comply could result in potential delisting from the exchange, though the company is evaluating options to address this concern and maintain its listing.