Powerbridge(PBTS) - 2022 Q4 - Annual Report

Delisting and Compliance - Powerbridge Technologies received a delisting notice from Nasdaq due to a closing bid price of $0.10 or less for ten consecutive trading days as of April 25, 2023[3] - The company submitted a request for a hearing to appeal the delisting determination on April 28, 2023[4] - Powerbridge believes it can regain compliance through a 1-for-30 reverse stock split, pending shareholder approval at an extraordinary general meeting on May 30, 2023[4]