Loop Industries falls short of Nasdaq minimum public float value requirement
LOOP•Loop Industries received a Nasdaq noncompliance notice after its publicly held shares remained below $15 million for 30 consecutive business days. It has until May 10, 2027, to close at or above $15 million for 10 consecutive business days to regain compliance.
1. Nasdaq compliance notice
Loop Industries received a Nasdaq noncompliance notice on November 9, 2026, after the value of its publicly held shares stayed below $15 million from September 28 through November 6. To regain compliance by May 10, 2027, the value must close at $15 million or more for 10 consecutive business days; Nasdaq may require up to 20 consecutive business days.
2. Possible next steps
Failure to regain compliance by the deadline would trigger a delisting notice. The company could alternatively transfer to the Nasdaq Capital Market if it meets that market’s continued listing requirements. The notice has no immediate trading impact.
