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The Company received a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) confirming compliance with the Rule. Aaron Green, Chief Executive Officer, stated, “We are pleased to have now achieved compliance with both the Nasdaq minimum bid price rule and Nasdaq’s periodic financial reporting rule.”
The Nasdaq staff made this determination of compliance after the closing bid price of the Company’s ordinary shares was at $1.00 per share or greater for the last 10 consecutive business days. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and Nasdaq considers the prior bid price deficiency matter now closed.
To regain compliance with the Rule, the Company's common stock was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive business days; on November 13, 2024, Nasdaq informed the Company it achieved compliance with this Rule. Therefore, Nasdaq considers the prior bid price deficiency matter now closed.
Uranium Resources Regains Compliance with NASDAQ Minimum Bid Price Rule LEWISVILLE, Texas--(BUSINESS WIRE)-- Uranium Resources, Inc. (NAS: URRE) (URI) announced that it received notification from ...
Tonix regained compliance for continued listing on The Nasdaq Capital Market in June 2022 by closing at a value of at least $1.00 per share for a time frame greater than or equal to 10 consecutive business days, criteria established by Nasdaq Listing Rule 5550(a)(2). [4]
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Facing delisting in June 2023, Sarcos issued a 1:6 reverse stock split to increase its share price in accordance with Nasdaq's $1.00 minimum-bid-price rule. [23] This measure was followed in July 2023 by a reduction in force of approximately 75 employees to reduce spending.
The rule provided that upon acquiring 30% of the outstanding common stock of the target, the acquirer must make a bid for all remaining outstanding shares within 45 working days, at a price which at least matches the highest price paid by the acquirer in the past year for the shares it already holds, as well as the average market price of the ...