DelistingAug 11, 2026, 04:13 PM
Rocket One Receives Nasdaq Delisting Notice; Joins Seagate Program
AI Summary
Rocket One Inc. received a notice from Nasdaq regarding non-compliance with the minimum bid price requirement, as its stock traded below $1.00 for 30 consecutive business days. The company has until February 2, 2027, to regain compliance, potentially considering a reverse stock split. Separately, Rocket One announced its acceptance into the Seagate Partner Program, which will provide access to enterprise storage resources and support its AI infrastructure and advanced computing strategy.
Key Highlights
- Rocket One received a Nasdaq notification on August 6, 2026, for non-compliance with the minimum bid price rule.
- The company's common stock closing bid price was below $1.00 for 30 consecutive business days (June 24, 2026 - August 5, 2026).
- Rocket One has 180 calendar days, until February 2, 2027, to regain compliance.
- To regain compliance, the stock must have a closing bid price of at least $1.00 for 10 consecutive business days.
- The company may consider options like a reverse stock split to regain compliance.
- Rocket One was accepted into the Seagate Partner Program on August 11, 2026.
- Participation grants access to Seagate partner resources, including product information and training.
- The partnership expands Rocket One's AI infrastructure and enterprise data storage ecosystem.
Price Impact
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