RegulatoryOct 2, 2026, 04:56 PM
Nano-X Imaging Faces Nasdaq Delisting Warning Over Low Share Price
AI Summary
Nano-X Imaging Ltd. has received a notification from the Nasdaq Stock Market indicating that the company is not in compliance with the minimum bid price requirement for continued listing on the Nasdaq Global Market. The closing bid price of its ordinary shares has fallen below $1.00 for 30 consecutive business days. The company has been granted an initial compliance period of 180 days, until March 29, 2027, to regain compliance by ensuring the bid price remains at or above $1.00 for 10 consecutive business days. Nano-X is considering its options to address this issue.
Key Highlights
- Nano-X Imaging Ltd. received a notice from Nasdaq for failing to meet the minimum bid price requirement.
- The company's ordinary shares have had a closing bid price below $1.00 for 30 consecutive business days.
- Nano-X has an initial compliance period of 180 days, until March 29, 2027, to regain compliance.
- To regain compliance, the closing bid price must be at or above $1.00 for 10 consecutive business days before March 29, 2027.
- An additional 180-day grace period may be available if the company transfers its listing to the Nasdaq Capital Market.
Price Impact
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