Eastern International gets Nasdaq notice on sub-$1 bid price, risks delisting - ELOG News | RalliesEastern International gets Nasdaq notice on sub-$1 bid price, risks delisting
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ELOG• Nasdaq notice over bid price compliance
- Eastern International received a Nasdaq notice for failing the $1 minimum bid price rule after 30 straight trading days below $1.
- Shares remain listed; the company has until March 9, 2027 to regain compliance.
- Compliance requires a closing bid of at least $1 for 10 consecutive business days.
- Failure could trigger a delisting notice; a second 180-day cure period may be available, potentially requiring a reverse stock split.
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