On August 26, 2026, Microvast Holdings, Inc. received written notice from the NASDAQ Stock Market LLC that its common stock failed to meet the minimum closing bid price requirement of $1 per share for the last 30 consecutive trading days. The company has 180 days to regain compliance with Rule 5450(a)(1) of Nasdaq’s listing rules, during which time shares will continue to trade on Nasdaq but carry a non-compliance indicator. Failure to cure the deficiency may result in delisting proceedings, subject to potential appeal. Microvast Holdings, Inc. operates in the battery and energy storage industry.

Microvast Holdings, Inc. reported unaudited financial results for the second quarter ended June 30, 2026. Revenue decreased 4.5% year-over-year to $87.3 million from $91.3 million, primarily due to a $2.7 million IEEPA tariff refund issued to a U.S. customer recorded as a revenue reduction. Gross margin contracted to 29.5% from 34.7%, driven by higher raw material prices and lower production utilization that reduced fixed cost absorption. Operating expenses rose to $27.5 million from $23.7 million, resulting in a GAAP net loss of $12.0 million compared to a $106.1 million loss in the prior year period. Year-to-date revenue fell 28.8% to $147.9 million, while GAAP net profit turned positive at $36.2 million versus a $44.3 million loss previously. The company holds $143.1 million in cash and restricted cash as of June 30, 2026. Microvast operates in the advanced battery technology industry, manufacturing energy storage systems for commercial and transit markets.

Microvast Holdings, Inc. appointed Derek Liu as its new Chief Accounting Officer, effective August 7, 2026. Mr. Liu brings extensive financial leadership experience, having served as Chief Financial Officer at Silvercorp Metals Inc. from 2015 to 2025 and previously as Controller there from 2006 to 2010. He also held the CFO position at Canickel Mining Limited from 2011 to 2014. His compensation package includes an annual base salary of $350,000 and a target bonus opportunity equal to 50% of his base salary. The company operates in the battery energy storage industry.