Renx Enterprises Corp. has received a notice from the Nasdaq Stock Market indicating that its common stock has failed to meet the minimum closing bid price requirement of $1.00 per share for 30 consecutive business days, as mandated by Nasdaq Listing Rule 5550(a)(2). The company has until July 27, 2026, to regain compliance by ensuring its stock closes at or above $1.00 for at least ten consecutive business days. If Renx does not meet this requirement within the initial compliance period, it may be eligible for an extension, provided it meets other Nasdaq listing standards. The company is evaluating options to restore compliance, including a possible reverse stock split.
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. Renx Enterprises Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-010326), on January 30, 2026, and is solely responsible for the information contained therein.