PicoCELA Gets Nasdaq Noncompliance Notification

MT Newswires Live

04/25

PicoCELA (PCLA) said late Thursday it is out of compliance with Nasdaq's $1 minimum bid price requirement for continued listing.

The company has until Oct. 20 to regain compliance by demonstrating that its American depositary shares have a closing bid price of at least $1 for at least 10 consecutive business days.

PicoCELA said it may consider implementing a reverse stock split, among other options, to regain compliance.

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