Rain Enhancement Technologies receives Nasdaq notice over minimum bid price violation
RAIN•RAIN•RAIN•RAIN•Rain Enhancement Technologies Holdco received a Nasdaq deficiency notice after its Class A stock closed below the $1 minimum bid price for 30 consecutive business days. It has until May 5, 2027, to close at or above $1 for 10 consecutive business days.
The company received the notice on November 6, 2026, after its Class A common stock failed to meet Nasdaq’s $1 minimum bid price requirement for the 30 business days ended November 5. To regain compliance, the stock must close at or above $1 for 10 consecutive business days by May 5, 2027. The notice has no immediate effect on the listing, and the stock continues to trade on the Nasdaq Capital Market under “RAIN.” Nasdaq may extend the compliance periods; if the company does not regain compliance, it would receive a delisting notice that it may appeal.
