Fenbo gets Nasdaq notice for $1 minimum bid price deficiency
Reuters2026/07/30 20:09- Fenbo received a Nasdaq notice for failing the $1 minimum bid price rule after 30 straight business days below the threshold.
- Shares keep trading on Nasdaq under FEBO; no immediate impact on listing status.
- Deadline to regain compliance is Jan. 25, 2027; requires a closing bid of at least $1 for 10 consecutive sessions.
- Failure to cure by the deadline could trigger delisting risk, though an extra 180-day extension may be available if requirements are met.
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