Uni-Fuels receives Nasdaq notice over sub-$1 bid price deficiency
UFG•Compliance deadline and possible remedies
The deadline to regain compliance is Jan. 25, 2027, requiring a closing bid of at least $1 for 10 consecutive sessions.
A reverse stock split remains an option, with any split needing completion at least 10 business days before the deadline.
Failure to cure could trigger delisting proceedings, though an additional 180-day extension may be available if listing standards are met.
Nasdaq notice over minimum bid price rule
Uni-Fuels received a Nasdaq notice for failing to meet the $1 minimum bid price rule, risking delisting if not cured.
Shares traded below $1 for 30 straight business days from June 11 to July 24.
