CDT Environmental confirmed Nasdaq compliance after its stock held a minimum $1.00 closing bid for 10 straight sessions.
CDT Environmental Technology Investment Holdings (NASDAQ: CDTG) regained compliance with Nasdaq’s minimum bid price rule after its shares closed at or above $1.00 for 10 consecutive business days. The company received written confirmation from Nasdaq on June 30 under Listing Rule 5550(a)(2).
The compliance follows a period where CDTG faced potential delisting risks due to prolonged sub-$1.00 trading. Nasdaq’s rule requires listed stocks to maintain a minimum bid price of $1.00 for sustained periods to avoid penalties.
Shares of CDTG rose 1.90% following the announcement, reflecting investor relief over the regulatory clearance.