RegulatoryJul 29, 2026, 04:14 PM
PowerCompute Regains Nasdaq Minimum Bid Price Compliance
AI Summary
PowerCompute, Inc. announced it has regained compliance with The Nasdaq Stock Market LLC's minimum bid price requirement. The company previously received a non-compliance notice in January 2026 and was granted an extension until January 2027. Following a 1-for-25 reverse stock split effective July 3, 2026, the company's common stock maintained a closing price of $1.00 or greater for ten consecutive business days, leading to Nasdaq confirming compliance and closing the matter.
Key Highlights
- Received initial Nasdaq non-compliance notification on January 7, 2026, for bid price below $1.00.
- First compliance deadline was July 6, 2026.
- Received second Nasdaq notification on July 7, 2026, granting an extension until January 4, 2027.
- Completed a 1-for-25 reverse stock split effective July 3, 2026.
- Regained compliance with Nasdaq's minimum bid price requirement on July 27, 2026.
- Common stock closed at or above $1.00 per share for 10 consecutive business days.
Price Impact
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