Ruanyun Edai Technology Inc. (NASDAQ:RYET) (the "Company") today announced that it received a written notice dated October 7, 2026 from Nasdaq stating that the closing bid price of its ordinary shares was below $1.00 per share for 30 consecutive business days, from August 25 through October 6, 2026. Accordingly, the Company does not meet the minimum bid price requirement for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2).
Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, until April 5, 2027, to regain compliance. Compliance requires a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days during that period, subject to Nasdaq's discretion to require a longer period and its written confirmation.
Login to comment