The company must regain compliance with Nasdaq’s minimum bid price rule within 180 days or face delisting.
Recon Technology received a deficiency notice from Nasdaq after its stock failed to maintain a minimum bid price of $1 for 30 consecutive trading days. The company now has 180 calendar days to regain compliance, which typically requires a closing bid price of at least $1 for 10 consecutive days.
Nasdaq’s listing rules require stocks to maintain a minimum bid price to ensure market integrity. Recon’s shares have traded below the threshold since late last month, reflecting broader pressure on small-cap stocks amid market volatility.
No immediate market reaction was reported following the notice, though delisting risks could weigh on investor sentiment if compliance is not achieved.