Zentek Granted 180-Day Extension to Meet $1 Nasdaq Bid Requirement
Zentek Ltd. received a 180-day extension until August 24, 2026 to meet Nasdaq’s $1.00 minimum bid price requirement under Listing Rule 5550(a)(2). The company must sustain a closing bid of at least $1.00 for ten consecutive business days to avoid delisting and will monitor compliance options.
1. Nasdaq Compliance Extension
Zentek Ltd. has been granted a 180 calendar-day extension until August 24, 2026 to regain compliance with Nasdaq Listing Rule 5550(a)(2), which mandates a minimum $1.00 bid price. This follows the expiration of the initial compliance period on February 23, 2026.
2. Listing Requirements
To maintain its Nasdaq listing, the company must sustain a closing bid price of at least $1.00 for ten consecutive business days on or before the new deadline. There is no immediate impact on ZTEK’s trading status, and shares will continue trading under the same symbol.
3. Management Response
Zentek’s management plans to closely monitor the bid price and evaluate measures such as market support programs or corporate actions to restore compliance. Failure to meet the requirement by August 24, 2026 would trigger delisting procedures and could adversely affect liquidity and investor confidence.