RegulatoryJul 16, 2026, 09:02 AM
Aeries Technology Regains Nasdaq Minimum Bid Price Compliance
AI Summary
Aeries Technology, Inc. announced it has received written notification from Nasdaq confirming compliance with the minimum bid price requirement (Nasdaq Listing Rule 5550(a)(2)). This achievement follows a 1-for-8 share consolidation that became effective on June 12, 2026, after which the Company's common stock maintained a closing bid price of at least $1.00 per share for the required period. Nasdaq has advised that the matter is now closed.
Key Highlights
- Aeries Technology regained compliance with Nasdaq Listing Rule 5550(a)(2).
- Nasdaq confirmed the Company's compliance and closed the deficiency matter.
- Compliance was achieved following a 1-for-8 share consolidation.
- The share consolidation became effective on June 12, 2026.
- Common stock maintained a closing bid price of at least $1.00 per share for the requisite period.
Price Impact
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