DelistingJun 24, 2026, 08:31 AM
MIND CTI receives Nasdaq delisting warning for bid price
AI Summary
MIND CTI LTD received a letter from Nasdaq on June 23, 2026, indicating non-compliance with the minimum bid price requirement of $1 per share. The company's ordinary shares traded below $1 for 30 consecutive business days. MIND CTI has been granted a 180-calendar day compliance period until December 21, 2026, to regain compliance, either by maintaining a $1 bid price for ten consecutive days or by implementing a reverse stock split. The notice does not immediately affect the listing of its shares on Nasdaq.
Key Highlights
- MIND CTI received a Nasdaq letter on June 23, 2026, regarding minimum bid price non-compliance.
- Company is non-compliant with Nasdaq Listing Rule 5450(a)(1) requiring a $1 minimum bid price.
- Closing bid price was below $1 for 30 consecutive business days from May 8 to June 22, 2026.
- Granted a 180-calendar day compliance period until December 21, 2026, to regain compliance.
- Must maintain a closing bid price of $1 or more for at least ten consecutive business days.
- Company may consider a reverse stock split as an option to resolve the deficiency.
- The letter has no immediate effect on listing; shares continue to trade under MNDO.
Price Impact
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