Recon Technology Receives Nasdaq Notice After 30-Day Sub-$1 Bid, Faces 180-Day Deadline
RCON•On May 4, 2026, Recon Technology received a Nasdaq deficiency notice under Listing Rule 5550(a)(2) after its ordinary shares closed below $1.00 for 30 consecutive business days. It has a 180-day compliance period ending November 2, 2026, and must regain a $1.00 closing bid for ten days to restore compliance.
1. Nasdaq Deficiency Notice
On May 4, 2026, Recon Technology received a notification under Nasdaq Listing Rule 5550(a)(2) after its ordinary shares traded below $1.00 per share for 30 consecutive business days, triggering a formal deficiency notice.
2. Compliance Period and Conditions
The company now has a 180-calendar-day period, ending November 2, 2026, to regain compliance by achieving a closing bid price of at least $1.00 for ten days.
3. Consequences of Non-Compliance
If Recon fails to meet the requirement by the November 2 deadline, it may request an additional 180-day grace period but risks delisting proceedings if non-compliance persists.
