Smart Powerr Corp. (CREG)

Smart Powerr Corp., formerly known as China Recycling Energy Corporation, is a Nevada-incorporated company with operations in China and headquartered in Xi'an. It focused on waste energy recycling, designing, financing and installing systems that capture waste heat, pressure and gas from industrial production and convert them to electricity.

The company's customers were mid-sized to large enterprises in energy-intensive industries such as steel, cement, nonferrous metals, coal and petrochemicals. Its projects, which converted flammable waste gases such as blast furnace gas and coke oven gas into power, were typically structured as build-and-transfer or leasing arrangements, and the company also provided related consulting and leasing services.

Its common stock was listed on Nasdaq under the symbol CREG. The company later changed its name to Smart Powerr Corp. as it sought to reposition its business toward additional energy-saving and new energy technologies. Its financial results were affected by reliance on a small number of projects and by limited revenue in recent years.

On May 1, 2026, Nasdaq staff notified the company that it no longer qualified for listing under Listing Rule 5550(a)(2), the minimum bid price requirement. Smart Powerr appealed to a Listing Qualifications Hearings Panel on May 7, 2026, and a hearing took place on June 9, 2026.

The panel issued its decision on July 17, 2026 to suspend the company from the exchange. Trading in the common stock was suspended on July 21, 2026, and the staff determination became final on August 31, 2026. Nasdaq issued its formal delisting determination on September 17, 2026.

A Form 25 was filed with the SEC in early October 2026, and removal from listing took effect at the opening of trading on October 19, 2026. The delisting resulted from noncompliance with listing standards and not from a merger or acquisition, so no consideration was paid to shareholders.