Electra Receives Extension from NASDAQ to Resolve Minimum Price Requirement
Electra Battery Materials has received an additional 180-calendar-day period, until March 15, 2027, to regain compliance with Nasdaq's $1.00 minimum bid price requirement. This is the second compliance period, and Electra has notified Nasdaq it intends to cure the deficiency by effecting a reverse stock split if necessary; compliance can also be regained if the closing bid holds at or above US$1.00 for 10 consecutive business days.
Key figures
- Extension days
- 180
- Compliance deadline
- March 15, 2027
- Minimum bid price usd
- 1
- Compliance period number
- 2
- Cure consecutive business days
- 10
AI analysis
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