Nasdaq notifies Megan Holdings of non-compliance after its shares traded below $1.00 for 30 consecutive business days.
Megan Holdings (MGN) received a Nasdaq notification on May 12 for failing to meet the exchange’s minimum bid price requirement of $1.00 per share. The company’s Class A ordinary shares, with a par value of $0.0001, traded below the threshold from March 30, 2026, to May 11, 2026.
Nasdaq rules mandate listed securities maintain a minimum bid price of $1.00 for 30 consecutive business days. Companies that fail to comply typically have 180 days to regain compliance before facing potential delisting.
The notification does not immediately affect the company’s listing status but triggers a compliance period for Megan Holdings to address the issue.