RegulatoryAug 13, 2026, 05:08 PM
Nocera Regains Nasdaq Compliance; Sells Property for $700,000
AI Summary
Nocera, Inc. announced that Nasdaq has confirmed its compliance with the minimum stockholders' equity requirement, closing the previously disclosed delisting matter. This follows the company's Quarterly Report showing $5,435,030 in stockholders' equity as of June 30, 2026. Additionally, Nocera completed the sale of approximately 231 acres of non-core real property for $700,000 in cash, expecting to recognize a loss of about $178,000. The net proceeds of $654,604 will be used for general corporate purposes and working capital.
Key Highlights
- Nasdaq confirmed Nocera's compliance with listing rules.
- Stockholders' equity was $5,435,030 as of June 30, 2026.
- Sold 231 acres of real property in Montgomery County, Alabama.
- Received $700,000 in cash for the property sale.
- Net cash proceeds from the sale were approximately $654,604.
- Expected loss on sale of approximately $178,000.
- Property had a book value of approximately $877,870.
Price Impact
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