Loop Industries Receives Nasdaq Delisting Notices for MVLS, Bid Price
Loop Industries, Inc. received two separate notices from Nasdaq regarding non-compliance with continued listing requirements. On July 24, 2026, the company was notified that its Market Value of Listed Securities (MVLS) had been below $50 million for 30 consecutive business days, violating Nasdaq Listing Rule 5450(b)(2)(A). It has until January 20, 2027, to regain compliance. Subsequently, on July 27, 2026, the company received a second notice for its closing bid price being below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5450(a)(1), with a compliance deadline of January 25, 2027. These notices do not immediately affect the trading of the company's common stock on The Nasdaq Global Market.
Key Highlights
- Received Nasdaq notice on July 24, 2026, for Market Value of Listed Securities (MVLS) below $50 million.
- MVLS was below $50 million for 30 consecutive business days from June 10 to July 23, 2026.
- Company has until January 20, 2027, to regain MVLS compliance.
- Received Nasdaq notice on July 27, 2026, for closing bid price below $1.00.
- Bid price was below $1.00 for 30 consecutive business days from June 11 to July 24, 2026.
- Company has until January 25, 2027, to regain minimum bid price compliance.
- To regain compliance, MVLS must be at or above $50 million for 10 consecutive days.
- To regain compliance, bid price must be at or above $1.00 for 10 consecutive days.
Price Impact
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