Sidus Space Regains Compliance With Nasdaq Minimum Bid Requirements
Sidus Space Regains Compliance With Nasdaq Minimum Bid Requirements
Exchange will Monitor the Company for One Year
On January 8, 2024, Sidus Space received a notification letter from the Listing Qualifications Department of The Nasdaq Capital Market notifying the Company that it had regained compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2) (the “Nasdaq Minimum Bid Price Requirement”).
The Notification Letter confirmed that the Company evidenced a closing bid price at or greater than the $1.00 per ordinary share minimum requirement for 10 consecutive business days and that the Company has regained compliance with the Nasdaq Minimum Bid Price Requirement. Pursuant to Listing Rule 5815(d)(4)(B), the Company will be subject to a Mandatory Panel Monitor for a period of one year until January 8, 2025. As a result, the listing matter has been closed.