Netcapital wins Nasdaq extension to regain $1 minimum bid price compliance - NCPL News | RalliesNetcapital wins Nasdaq extension to regain $1 minimum bid price compliance
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NCPL• Nasdaq grants second extension on minimum bid price rule
- Netcapital received a second 180-day Nasdaq extension to regain compliance with the $1 minimum bid price rule, with a deadline of Feb. 1, 2027.
- Non-compliance was triggered by the stock closing below $1 for 30 straight business days, prompting an initial cure period that ended Aug. 3, 2026.
- Compliance can be restored if the stock closes at or above $1 for at least 10 consecutive business days; Nasdaq may require up to 20.
- Failure to cure by Feb. 1, 2027 is expected to lead to a delisting determination; a hearing request would not stay a trading suspension.
- The company signaled it may pursue a reverse stock split to address the deficiency.
