Solésence gets Nasdaq notice after stock trades below $1 minimum bid price for 30 days
SLSN•Solésence received a Nasdaq notice after its stock closed below $1 for 30 consecutive trading days. It has until March 29, 2027, to regain compliance by closing at $1 or more for 10 straight sessions.
1. Nasdaq compliance notice
The notice says Solésence fell out of compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum $1 bid price. Nasdaq granted the company 180 days, until March 29, 2027, to regain compliance by closing at $1 or more for 10 consecutive sessions. Failure to meet the requirement could lead to delisting risk; an additional 180-day extension may be available if the company meets other standards.
