DelistingJul 28, 2026, 01:11 PM
Blink Charging Gets Nasdaq Extension to Avoid Delisting
AI Summary
Blink Charging Co. received a second notice from Nasdaq, granting an additional 180-day period until January 25, 2027, to regain compliance with the minimum $1.00 bid price rule. The company was initially notified on January 26, 2026, and failed to regain compliance by the July 27, 2026, deadline. Nasdaq's decision was based on the company meeting other listing requirements and its intention to cure the deficiency, potentially through a reverse stock split. Failure to comply by the new deadline could result in delisting.
Key Highlights
- Received initial Nasdaq notice on January 26, 2026, for bid price below $1.00.
- Initial 180-day compliance period ended on July 27, 2026.
- Received second Nasdaq notice on July 28, 2026, granting an additional 180-day extension.
- New deadline to regain compliance with the $1.00 bid price rule is January 25, 2027.
- Company intends to cure deficiency, potentially by effecting a reverse stock split.
- Must maintain a closing bid price of at least $1.00 for 10 consecutive business days.
- Failure to comply by January 25, 2027, could lead to delisting from Nasdaq.
Price Impact
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