Fort fails Nasdaq minimum bid price requirement; granted 180-day compliance period
1 report, 1 independent
Updated Oct 1
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What happened
Fort Technology Inc. received a notification from Nasdaq indicating it did not meet the minimum bid price requirement of $1.00 per share. This determination was based on the closing bid price of the company's common shares over the 30 consecutive business days between August 31, 2026, and October 12, 2026. Fort has been granted a 180-calendar day compliance period, extending until April 12, 2027, to regain compliance.
From manilatimes.net
Why it matters
The failure to maintain minimum listing standards affects the company's status on the exchange. To regain compliance, the closing bid price of Fort's common shares must meet or exceed $1.00 per share for at least 10 consecutive business days during the compliance period.
From manilatimes.net