Recon Technology regains Nasdaq compliance with $1 minimum bid price rule - RCON News | RalliesRecon Technology regains Nasdaq compliance with $1 minimum bid price rule
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RCON• Nasdaq compliance restored
- Recon Technology regained compliance with Nasdaq’s $1 minimum bid requirement, ending a delisting risk tied to Listing Rule 5550(a)(2).
- Nasdaq confirmed the stock’s closing bid stayed at or above $1 for 10 straight sessions from Sept. 1 to Sept. 15.
- The company had received a Nasdaq deficiency notice on May 4 for trading below $1 for 30 consecutive business days.
- Nasdaq closed the matter in a Sept. 16 letter, stating Recon is now compliant with all listing standards.
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