CLPS Incorporation Faces Nasdaq 180-Day Deadline After 30-Day Sub-$1 Bid Price
CLPS•CLPS Incorporation’s shares closed under the $1.00 minimum bid price for 30 consecutive trading days, triggering a Nasdaq deficiency notice. The company has until November 23, 2026, to achieve a $1.00 closing price for 10 consecutive business days or face delisting actions, including a potential reverse stock split.
1. Nasdaq Notification Details
CLPS Incorporation received a Nasdaq Listing Qualifications notice after its common shares closed below the $1.00 minimum bid price requirement for 30 consecutive trading days, from April 14 through May 26, 2026, in breach of Rule 5450(a)(1).
2. Compliance Requirements and Deadline
Nasdaq has granted a 180-calendar-day compliance period ending November 23, 2026; CLPS must achieve a closing bid price of at least $1.00 per share for 10 consecutive business days to regain compliance.
3. Potential Remedies and Risks
If compliance is not restored by November 23, CLPS may transfer to the Nasdaq Capital Market, undertake a reverse stock split or face delisting, actions that could dilute shareholder value and alter trading liquidity.
