RegulatoryJun 11, 2026, 08:02 AM
Qtrex Quantum Regains Nasdaq Compliance for Bid Price & MVLS
AI Summary
Qtrex Quantum Ltd. announced it has regained compliance with The Nasdaq Stock Market LLC's minimum bid price requirement and the minimum market value of listed securities (MVLS) requirement. The company's ordinary shares maintained a closing bid price of $1.00 or more and a market value of $35,000,000 or greater for 11 consecutive business days, leading Nasdaq to confirm compliance and close both matters.
Key Highlights
- Qtrex Quantum Ltd. regained compliance with Nasdaq Listing Rule 5550(a)(2) regarding the minimum bid price.
- The company's closing bid price was at or above $1.00 per share for 11 consecutive business days from May 26 to June 9, 2026.
- Qtrex Quantum Ltd. also regained compliance with Nasdaq Listing Rule 5550(a)(2) for the minimum market value of listed securities (MVLS).
- The company's market value of listed securities was $35,000,000 or greater for 11 consecutive business days from May 26 to June 9, 2026.
- Both compliance matters are now closed by Nasdaq.
Price Impact
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