Picocela Inc., a Tokyo-based provider of enterprise wireless mesh solutions, announced a reverse share split of its American Depositary Shares (ADSs) to regain compliance with the Nasdaq minimum bid price requirement. This move comes after the company received a notification from Nasdaq about its non-compliance with the minimum bid price rule. The reverse share split is aimed at boosting the closing bid price of its ADSs to meet the US$1.00 minimum required for continued listing.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Picocela Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: LN61577) on August 29, 2025, and is solely responsible for the information contained therein.