Carbon Revolution, a manufacturer of advanced carbon fiber wheels, has received a non-compliance notice from the Nasdaq Stock Market. The notification was issued due to the company’s failure to maintain minimum bid price requirements, a rule necessary for continued listing on the exchange.
According to Nasdaq listing regulations, companies are required to maintain a minimum bid price of $1.00 per share over a consecutive 30-business-day period. Falling below this threshold triggers a notice of non-compliance and allows the company a 180-calendar-day grace period to regain compliance. During this time, Carbon Revolution is expected to take necessary actions to raise its share price above the minimum requirement, such as improving operating results or enacting a reverse stock split.
The company clarified that the notice does not have an immediate effect on its listing or trading of its securities, which will continue under the current ticker symbol while the company works toward regaining compliance. Carbon Revolution has expressed its commitment to resolving the issue and retaining its Nasdaq listing.
The company’s leadership has not publicly disclosed whether specific plans, such as a stock consolidation or other corporate actions, are being considered. Stakeholders and shareholders remain attentive to the company’s next steps as it navigates this challenge on its path toward growth and stability in the competitive automotive technology sector.
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