Expion360 Inc. Faces Nasdaq Delisting Threat Due to Falling Stock Price; Appeals for Hearing
Reuters
Jul 09
Expion360 Inc. Faces Nasdaq Delisting Threat Due to Falling Stock Price; Appeals for Hearing
Expion360 Inc. has announced that it received a staff determination from the Nasdaq Listing Qualifications department regarding its failure to meet the minimum bid price requirement. The company's common stock has closed below the $1.00 minimum for 30 consecutive business days, prompting Nasdaq to consider delisting its securities from the Nasdaq Capital Market. Expion360 has requested a hearing to appeal this decision, which will temporarily halt any suspension or delisting actions. The company plans to present a strategy to regain compliance with Nasdaq's listing standards and is committed to maintaining its listing status.
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