Smart Powerr Clears Nasdaq Hurdle as Stock Stays Above $1, Regains Compliance After 10-Day Streak

Smart Powerr Corp. (NASDAQ:CREG) ("CREG" or "the Company"), today announced that it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") on August 1, 2025, notifying the Company that it has regained compliance with the Nasdaq Capital Market's minimum bid price requirement.

To regain compliance with the minimum bid price requirement, the Company's common stock, par value $0.001 per share, is required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive business days. The Company evidenced a closing bid price of its common stock at or greater than the $1.00 per share minimum requirement for the last 10 consecutive business days, from July 18, 2025 through July 31, 2025. Accordingly, Nasdaq determined that Fly-E has regained compliance with Nasdaq Marketplace Rule 5550(a)(2) and the matter is now closed.