RegulatoryJun 23, 2026, 04:07 PM
Smith Micro Regains Nasdaq Minimum Bid Price Compliance
AI Summary
Smith Micro Software, Inc. announced it has regained compliance with The Nasdaq Stock Market's minimum bid price requirement. The company received an initial notice of non-compliance on June 23, 2025, and was granted an extension until June 22, 2026. On June 23, 2026, Nasdaq confirmed that the company's Common Stock had a closing price at or greater than $1.00 per share for 10 consecutive business days, from June 8, 2026, to June 22, 2026, resolving the matter.
Key Highlights
- Received initial Nasdaq non-compliance notice on June 23, 2025, for minimum bid price.
- Initial deadline to regain compliance was December 22, 2025.
- Granted an extension until June 22, 2026, by Nasdaq on December 23, 2025.
- Regained compliance on June 23, 2026, after stock closed above $1.00.
- Common Stock maintained a closing price of $1.00 or greater for 10 consecutive business days.
- Compliance period was from June 8, 2026, to June 22, 2026.
Price Impact
More from SMSI