DelistingJun 9, 2026, 09:06 AM
Professional Diversity Network Receives Nasdaq Delisting Notice
AI Summary
Professional Diversity Network, Inc. received a notice from Nasdaq on June 5, 2026, indicating non-compliance with the Minimum Bid Price Requirement. The company's common stock traded below $1.00 for 30 consecutive business days. Nasdaq has granted a 180-calendar day compliance period until December 2, 2026, during which the company's shares will continue to be listed. The company is evaluating options to regain compliance, though there is no assurance of success.
Key Highlights
- Received Nasdaq delisting notice on June 5, 2026.
- Non-compliant with Nasdaq Listing Rule 5550(a)(2) (Minimum Bid Price Requirement).
- Common stock bid price below $1.00 for 30 consecutive business days.
- Granted 180-calendar day compliance period until December 2, 2026.
- Must close at or above $1.00 for 10 consecutive business days to regain compliance.
- May receive a second 180-day period if other listing standards are met.
- Company is considering measures to resolve the deficiency.
Price Impact
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