Modular Medical Inc. announced on June 30, 2025, that it received a notification from the Nasdaq Stock Market regarding its failure to meet the minimum bid price requirement of $1 per share, as per Nasdaq Listing Rule 5550(a)(2). The company's stock has been trading below this threshold for 30 consecutive business days, ending on June 27, 2025. As a result, Modular Medical has been given a 180-day period, until December 29, 2025, to regain compliance by ensuring its stock price is at least $1 per share for ten consecutive business days. If the company fails to meet this requirement, it may seek an additional 180-day extension by meeting other listing standards and potentially implementing a reverse stock split. The company is currently exploring its options to address the issue, while its stock remains listed on the Nasdaq Capital Market.
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