Smart Powerr shares surge 10.79% after hours on Nasdaq compliance and reverse stock split.

Smart Powerr Corp. (CREG) surged 10.79% in after-hours trading following two key announcements. The company confirmed it has regained compliance with Nasdaq’s minimum bid price requirement, removing a prior delisting risk and signaling improved financial stability. Additionally, Smart Powerr announced the effective date of a reverse stock split, which typically aims to increase share liquidity and investor accessibility. These developments collectively addressed regulatory concerns and positioned the stock for renewed investor interest, directly aligning with the sharp after-hours price increase.