RegulatoryJul 28, 2026, 08:08 AM
Edible Garden Gets Nasdaq Extension to Aug 15 for $1 Bid Price Rule
AI Summary
Edible Garden AG Inc. received an extension from the Nasdaq Hearing Panel until August 15, 2026, to regain compliance with the minimum $1 bid price rule. The extension is conditional on demonstrating compliance and maintaining other listing standards. The Panel will retain jurisdiction until November 23, 2026, with immediate delisting if compliance is not maintained. The company previously effected a 1-for-45 reverse stock split on July 13, 2026, and its stock has traded above $1 since then.
Key Highlights
- Nasdaq granted Edible Garden an extension until August 15, 2026, to regain compliance with the $1 minimum bid price rule.
- The extension is contingent on the company demonstrating compliance and maintaining other Nasdaq listing standards.
- The Nasdaq Hearing Panel will maintain jurisdiction over the company's listing through November 23, 2026.
- Failure to maintain compliance with the bid price rule during the jurisdiction period will result in immediate delisting.
- Edible Garden previously effected a 1-for-45 reverse stock split on July 13, 2026.
- The company's closing bid price has remained at or above $1.00 per share since the reverse stock split.
Price Impact
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