RegulatoryJul 10, 2026, 08:41 AM
Largo Receives Nasdaq Minimum Bid Price Deficiency Notification
AI Summary
Largo Inc. announced it received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement, as its common shares traded below US$1.00 for 30 consecutive business days. The company has been granted a 180-calendar-day period to regain compliance, during which its shares will continue to trade on the Nasdaq Capital Market. This notification does not affect its listing on the Toronto Stock Exchange, and Largo plans to evaluate options to resolve the deficiency.
Key Highlights
- Largo received Nasdaq notification for minimum bid price deficiency.
- Common shares traded below US$1.00 for 30 consecutive business days.
- Company has 180 calendar days to regain compliance with Nasdaq Rule 5550(a)(2).
- Compliance can be regained if shares close at or above US$1.00 for 10 consecutive days.
- The notification does not immediately impact the Company's Nasdaq listing.
- The notification does not affect the Company's listing on the Toronto Stock Exchange.
- Largo intends to evaluate all available options to resolve the deficiency.
Price Impact
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