RegulatoryOct 13, 2026, 04:31 PM
Medirom Healthcare Technologies Receives Nasdaq Bid Price Non-Compliance Notice
AI Summary
Medirom Healthcare Technologies Inc. announced it has received a notification from Nasdaq indicating non-compliance with the minimum bid price requirement. The company's American Depositary Shares have had a closing bid price below $1.00 for 31 consecutive business days. Medirom has been granted 180 days, until April 5, 2027, to regain compliance. The company also provided an update on its ongoing efforts to file its Form 20-F, with a new deadline of November 11, 2026. The notification does not immediately affect the company's listing.
Key Highlights
- Medirom Healthcare Technologies Inc. received a notification from Nasdaq for non-compliance with the minimum bid price requirement ($1.00).
- The company has 180 calendar days, until April 5, 2027, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days.
- Failure to regain compliance by April 5, 2027, may result in an additional 180-day extension or potential delisting.
- Medirom is also working to regain compliance with timely filing of its Form 20-F, with an extended deadline of November 11, 2026.
Price Impact
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