DelistingJul 2, 2026, 05:17 PM
Callan JMB Receives Nasdaq Delisting Notice for Bid Price
AI Summary
Callan JMB Inc. received a notice from Nasdaq on June 29, 2026, indicating non-compliance with the minimum $1.00 bid price requirement for continued listing. The company's common stock traded below $1.00 for 30 consecutive business days. Callan JMB has an initial 180-calendar-day period, until December 28, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of ten consecutive business days. The company is considering options, including a reverse stock split, to address the deficiency.
Key Highlights
- Received Nasdaq notice on June 29, 2026, for not meeting minimum $1.00 bid price requirement.
- Common stock bid price was below $1.00 for 30 consecutive business days.
- Initial compliance period is 180 calendar days, until December 28, 2026.
- Must maintain a closing bid price of at least $1.00 for 10 consecutive business days to regain compliance.
- May be eligible for an additional 180-day compliance period if initial conditions are met.
- Company is monitoring bid price and may consider a reverse stock split to regain compliance.
Price Impact
More from CJMB