DelistingMay 6, 2026, 04:33 PM
Recon Technology Notifies Nasdaq Minimum Bid Price Deficiency
AI Summary
Recon Technology, Ltd. announced it received a notification from The Nasdaq Capital Market on May 4, 2026, indicating non-compliance with the minimum bid price requirement. The company's Class A Ordinary Shares traded below $1.00 for 30 consecutive business days. Recon Technology has a 180-calendar-day period, until November 2, 2026, to regain compliance by achieving a closing bid price of at least $1.00 for a minimum of ten consecutive business days. The notification does not result in immediate delisting, and shares will continue to trade under the symbol "RCON."
Key Highlights
- Recon Technology received a Nasdaq notification on May 4, 2026, regarding minimum bid price deficiency.
- The company's Class A Ordinary Shares traded below $1.00 for 30 consecutive business days.
- Recon Technology has 180 calendar days, until November 2, 2026, to regain compliance.
- Compliance requires a closing bid price of at least $1.00 for 10 consecutive business days.
- An additional 180-day grace period may be available if initial compliance is not met.
- The notification does not result in immediate delisting; shares continue to trade under RCON.
Price Impact
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