Scinai Notified of Non-Compliance After ADS Drop Below $1 for 30 Days
Scinai's ADS closed under $1 for 30 straight business days, triggering a Nasdaq Capital Market notice of non-compliance with Rule 5550(a)(2). The company has until Sept. 8, 2026—180 days—to restore a $1 minimum bid for ten consecutive business days or face possible delisting.
1. Nasdaq Bid Price Notification
On March 12, 2026, Scinai received a written notification that its American Depositary Shares closed below $1.00 for 30 consecutive business days, putting the company out of compliance with Nasdaq Capital Market Listing Rule 5550(a)(2). Trading remains unaffected while the company addresses the deficiency.
2. Compliance Timeline and Risks
Scinai has an initial 180‐calendar‐day window, expiring on September 8, 2026, to achieve a closing bid price of at least $1.00 for ten consecutive business days. Failure to meet this threshold could result in delisting, prompting Scinai to monitor share performance and evaluate strategic measures to regain compliance.