StockWatch
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Industrial Machinery/Components
DelistingApr 24, 2026, 05:22 PM

Zeo Energy Corp. Receives Nasdaq Delisting Notice for Bid Price

AI Summary

Zeo Energy Corp. received a notice from Nasdaq on April 23, 2026, indicating non-compliance with the minimum bid price requirement of $1 per share. The company's Class A common stock traded below $1 for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). ZEO has a 180-calendar-day period, until October 20, 2026, to regain compliance by maintaining a closing bid price of at least $1 for 10 consecutive business days. Failure to comply could lead to delisting, though the company may be eligible for a second compliance period.

Key Highlights

  • Zeo Energy Corp. received a Nasdaq notice on April 23, 2026, for minimum bid price non-compliance.
  • The company failed to meet Nasdaq Listing Rule 5550(a)(2) requiring a $1 minimum bid price.
  • ZEO has a 180-calendar-day compliance period until October 20, 2026.
  • To regain compliance, the stock must close at $1 or more for 10 consecutive business days.
  • The notification has no immediate effect on the company's listing.