DelistingJul 22, 2026, 04:32 PM
SunPower Receives Nasdaq Delisting Notice for Bid Price Non-Compliance
AI Summary
SunPower Inc. received a notice from Nasdaq on July 21, 2026, indicating non-compliance with the minimum bid price requirement of $1.00 per share. The company's stock traded below this threshold for 30 consecutive business days. SunPower has 180 calendar days, until January 19, 2027, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days. The company plans to actively monitor its stock price and explore options to meet the requirement.
Key Highlights
- Received Nasdaq notice on July 21, 2026, for non-compliance with minimum bid price rule.
- Failed to maintain a minimum bid price of $1.00 per share for 30 consecutive business days.
- Has 180 calendar days, until January 19, 2027, to regain compliance.
- Must achieve a closing bid price of at least $1.00 for 10 consecutive business days.
- Company will monitor bid price and evaluate options to regain compliance.
Price Impact
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