PowerBank Corporation Receives Additional 180-day Compliance Period from Nasdaq to Regain Compliance with Minimum Bid Price Requirement
PowerBank received an additional 180-day period, until March 28, 2027, to regain compliance with Nasdaq's US$1.00 minimum bid price rule; trading is unaffected in the interim. The company was transferred from the Nasdaq Global Market to the Nasdaq Capital Market effective October 1, 2026, after failing to cure the deficiency in its initial compliance window. Separately, directors, officers and consultants -- including CEO Dr. Richard Lu and Executive Chairman Matthew Wayrynen -- established an automatic securities disposition plan effective October 2, 2026, permitting pre-arranged insider share sales with daily volume limits.
Key figures
- Asdp start
- October 2, 2026
- Compliance deadline
- March 28, 2027
- Minimum bid requirement
- US$1.00 per share for 10 consecutive business days
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