RegulatoryOct 16, 2026, 04:21 PM
Fort Technology Receives Nasdaq Minimum Bid Price Non-Compliance Notice
AI Summary
Fort Technology Inc. announced it received a notification from Nasdaq indicating non-compliance with the minimum bid price requirement, as its stock price has been below $1.00 for 30 consecutive business days. The company has been granted a 180-day period, until April 12, 2027, to regain compliance by ensuring its stock price meets or exceeds $1.00 for at least 10 consecutive business days. This notification does not currently impact the trading of its shares on Nasdaq or the TSX Venture Exchange.
Key Highlights
- Fort Technology received a Nasdaq notification regarding non-compliance with the minimum bid price requirement.
- The company's closing bid price was below $1.00 for 30 consecutive business days (August 31 - October 12, 2026).
- Fort Technology has been granted a 180-day compliance period until April 12, 2027, to regain compliance.
- Compliance requires the closing bid price to be at or above $1.00 for at least 10 consecutive business days.
- The notification does not immediately affect the listing or trading of shares on Nasdaq or TSX Venture Exchange.
Price Impact
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