DelistingMay 1, 2026, 04:37 PM
Rekor Systems receives Nasdaq delisting notice for bid price
AI Summary
Rekor Systems, Inc. received a notice from Nasdaq for non-compliance with the minimum bid price requirement of $1.00 per share. The company's common stock traded below this threshold for 30 consecutive business days. Rekor has 180 calendar days, until October 26, 2026, to regain compliance. The company plans to monitor its stock price and consider options, including a reverse stock split, to meet the requirement.
Key Highlights
- Rekor Systems received a Nasdaq notice for non-compliance with the $1.00 minimum bid price requirement.
- The company's common stock traded below $1.00 for 30 consecutive business days from March 13 to April 24, 2026.
- Rekor Systems has an initial 180-calendar-day compliance period until October 26, 2026.
- To regain compliance, the closing bid price must be at least $1.00 for ten consecutive business days.
- The company intends to monitor its stock price and consider options, including a reverse stock split.
- Failure to regain compliance could lead to delisting, though a second 180-day period may be available.