Nasdaq has several rules that address the delisting of companies whose share price falls below $1. Listing Rule 5550(a)(2) – Minimum Bid Price Requirement: This rule mandates that a company’s stock must maintain a minimum bid price of $1 per share. I
5550. Continued Listing of Primary Equity SecuritiesA Company that has its Primary Equity Security listed on the Capital Market must continue to meet all of the requirements set forth in Rule 5550(a) and at least one of the Standards set forth in Rule 5550(b). Failure to meet any of the...
This Rule 5000 Series (consisting of Rules 5000-5999) contains rules related to the qualification, listing and delisting of Companies on the Nasdaq BX listing platform called the "BX Venture Market". Companies listed on the BX Venture Market do not qualify, as a result of such listing, for ...
stating that the Company’s ordinary shares, par value$0.00000939586994067732per share (the “ordinary shares”), fail to comply with the$1.00minimum bid price requirement for continued listing on Nasdaq in accordance with Nasdaq Listing Rule 5550(a)(2) based upon the closing...
announced that it received a notification letter on April 10, 2024 from the Listing Qualifications Department of The Nasdaq Stock Market, indicating that the Company has regained compliance with the minimum market value of listed securities requirement set forth ...
OnFebruary 5, 2024, the Company received a letter from Nasdaq notifying the Company that it had regained compliance with Nasdaq Listing Rule 5550(a)(2), because for the last 10 consecutive business days, fromJanuary 22, 2023, throughFebruary 2, 2024, the closing bid price of the...
“Notification Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it had regained compliance with the minimum bid price requirement set forth in the Nasdaq Listing Rule 5550(a)(2) (the “Nasdaq Capital Market Minimum ...
Since then, NASDAQ has determined that for the Company’s common stock had traded above the $1.00 minimum bid price requirement for 10 consecutive trading days as of March 21, 2024. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2), and this matter is now closed...
(the "Ordinary Shares"), was below$1.00for a period of 30 consecutive business days and that the Company did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Requirement"). In accordance with Nasdaq Listing...
" or the "Company") announced today it has received an additional 180-days notice (the "Extension") from The Nasdaq Stock Market LLC ("Nasdaq") to regain compliance with the minimum bid price requirement ("Minimum Bid Requirement") of US$1.00 per share under Nasdaq's Listing Rule 5550....