DelistingJul 10, 2026, 04:37 PM
Mercer International Receives Nasdaq Minimum Bid Price Non-Compliance Notice
AI Summary
Mercer International Inc. received a notice from Nasdaq on July 9, 2026, indicating non-compliance with the minimum bid price requirement of $1.00 per share. The company's common stock closed below $1.00 for 30 consecutive business days. Mercer has an initial 180-calendar-day period to regain compliance, which requires the stock to close at or above $1.00 for at least ten consecutive business days.
Key Highlights
- Received Nasdaq non-compliance notice on July 9, 2026.
- Non-compliance with Nasdaq Listing Rule 5450(a)(1) for minimum $1.00 bid price.
- Closing bid price below $1.00 for 30 consecutive business days.
- Company has 180 calendar days to regain compliance.
- Compliance requires closing bid price of at least $1.00 for 10 consecutive business days.
- Company is actively monitoring and working to regain compliance.
Price Impact
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