Rising Dragon Acquisition gets Nasdaq notice as market value falls below $35 million threshold
RDAC•Trading can continue during cure period
Shares can keep trading on the Nasdaq Capital Market during a 180-day cure period that runs to Feb. 16, 2027.
Compliance requires MVLS at or above $35 million for at least 10 consecutive business days.
Nasdaq notice for minimum market value shortfall
Rising Dragon Acquisition Corp. received a Nasdaq notice for failing the $35 million Market Value of Listed Securities minimum for 30 straight business days.
Nasdaq flagged additional non-compliance with the Equity Standard and Net Income Standard, raising the risk of further listing pressure.
Possible delisting if compliance is not regained
Failure to regain compliance by the deadline could trigger a delisting notice, with an option to appeal to a Nasdaq hearings panel.
