RKTO shares regained compliance after closing at or above $1.00 for 10 straight sessions, securing its Nasdaq listing.
Rocket One (NASDAQ: RKTO) has regained compliance with Nasdaq’s minimum bid price requirement after its stock closed at or above $1.00 for 10 consecutive trading days ending June 23. The notification from Nasdaq confirms the company’s continued listing eligibility under Rule 5550(a)(2).
The compliance follows a period of volatility for RKTO, which had faced potential delisting risks. The company has also pivoted its business model from biotech to developing spintronic and nanomagnetic semiconductor technologies for AI, defense, and space computing applications.
Shares of Rocket One rose 1.98% in response to the announcement.