Highway Holdings Receives Nasdaq Notice, Has 180 Days to Surpass $1.00 Stock
Highway Holdings received a Nasdaq notice after its common share closing price stayed under $1.00 for 30 straight business days. The company has until September 14, 2026, to close at or above $1.00 for ten consecutive days or risk delisting, with a possible additional 180-day grace period.
1. Nasdaq Notification Received
On March 17, 2026, Highway Holdings received a written notice from Nasdaq indicating its common shares closed below the $1.00 minimum bid requirement for 30 consecutive business days under Listing Rule 5550(a)(2).
2. Compliance Requirements
The company has a 180-calendar-day compliance period, ending September 14, 2026, to achieve a closing bid price of at least $1.00 per share for ten consecutive business days to regain compliance with Nasdaq’s minimum bid price rule.
3. Potential Remediation and Consequences
If compliance is not regained by the deadline, Highway may qualify for a second 180-day grace period by meeting market value and other listing standards, including filing notice for a potential reverse stock split. Failure to meet requirements could result in delisting and trigger an appeal before a Hearings Panel.
4. Company Response and Outlook
Highway Holdings will monitor its share price closely and may consider strategic actions such as price support measures or a reverse share consolidation to restore its Nasdaq listing status.