QTREX Gets Nasdaq Notice After 30-Day Bid-Price Shortfall
The company says its shares have closed above $1 for six straight business days and has until April 3 to regain compliance.
Key takeaways
- Nasdaq notified QTREX that its bid price was below $1 for 30 consecutive business days through October 1.
- Shares closed above $1 for six consecutive business days from October 2 through October 9.
QTREX Quantum said Nasdaq notified it that its shares had closed below the $1 minimum bid price for 30 consecutive business days, from August 20 through October 1. The company received the notice on October 5.
The notice does not affect the listing or trading of QTREX shares on the Nasdaq Capital Market. The company said its closing bid price was above $1 on each of the six consecutive business days from October 2 through October 9.
QTREX has until April 3, 2027, to regain compliance. Nasdaq will confirm compliance if the shares close at or above $1 for at least 10 consecutive business days during that period.
This article was produced with the help of AI technology. Source: Yahoo Finance
