New Era Helium Inc., a Nevada-based company, has announced that it received a notification from Nasdaq indicating a failure to meet the Market Value of Publicly Held Shares (MVPHS) requirement, as per Nasdaq Listing Rule 5450(b)(2)$(C)$. The company's MVPHS fell below the minimum threshold of $15 million for 30 consecutive business days. As of May 16, 2025, New Era Helium has been given a compliance period of 180 days, until November 12, 2025, to rectify this issue. If the company manages to maintain an MVPHS of $15 million or more for ten consecutive business days within this period, it will regain compliance. Failure to do so could result in delisting, although the company reserves the right to appeal such a decision. The company is actively working to address this deficiency but acknowledges there is no guarantee of success within the required timeframe.
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