DelistingJul 30, 2026, 04:09 PM
Flux Power Receives Nasdaq Delisting Notice for Bid Price
AI Summary
Flux Power Holdings, Inc. received a notice from Nasdaq on July 24, 2026, indicating that its common stock had traded below the $1.00 minimum bid price for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). The company has 180 calendar days to regain compliance, which requires the stock to close at $1.00 or more for at least 10 consecutive business days. While the notice does not immediately affect the stock's listing, failure to comply could lead to delisting. The company intends to monitor its stock price and consider options to regain compliance.
Key Highlights
- Flux Power Holdings, Inc. received a notice from Nasdaq on July 24, 2026.
- The notice indicates the company's common stock traded below $1.00 for 30 consecutive business days.
- This violates Nasdaq Listing Rule 5550(a)(2), the Minimum Bid Price Requirement.
- The company has 180 calendar days to regain compliance, until January 20, 2027.
- Compliance is regained if the stock closes at $1.00 or more for at least 10 consecutive business days.
- An additional 180-day compliance period may be granted if other listing requirements are met.
- The company's common stock continues to trade on The Nasdaq Capital Market under the symbol "FLUX".
Price Impact
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