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Aqua Metals, Inc. (NASDAQ:AQMS) disclosed Thursday that it received a notice from the Nasdaq Stock Market regarding non-compliance with the minimum bid price requirement for continued listing. According to the company’s statement, the notification was received Wednesday after the closing bid price of its common stock remained below $1.00 per share for 30 consecutive trading days, as required by Nasdaq Listing Rule 5550(a)(2).
The filing states that because Aqua Metals has completed a reverse stock split within the past year, it is not eligible for an additional compliance period to regain the minimum bid price requirement. As a result, the company’s securities are subject to delisting from the Nasdaq Capital Market unless it files an appeal with the Nasdaq Hearing Panel by July 9.
Aqua Metals said it intends to submit a timely appeal, which would stay the delisting process pending the outcome of the hearing. The company also noted that it has scheduled its annual meeting of stockholders for July 22, where shareholders will vote on a proposal to authorize another reverse stock split at a ratio between one-for-two and one-for-ten, with the final ratio to be determined by the board of directors.
The company stated in the filing that approval and implementation of the reverse split could support its efforts to regain compliance, but there is no assurance that shareholders will approve the measure or that compliance will be restored in time to prevent delisting.
This information is based on a press release statement contained in a Form 8-K filing with the Securities and Exchange Commission. For deeper insights into Aqua Metals’ financial health and future prospects, InvestingPro subscribers have access to 16 additional ProTips and comprehensive analysis through the Pro Research Report, helping investors make more informed decisions during these challenging times for the company.
In other recent news, Aqua Metals Inc . reported a net loss of $8.3 million for the first quarter of 2025, translating to $0.03 per share. The company has significantly reduced its operational costs, cutting plant expenses by 67.2% and administrative expenses by 27.2%. Despite the financial loss, Aqua Metals is progressing in its product innovation and operational strategies. The company has also been granted a Notice of Allowance for a patent application related to its lithium battery recycling technology, marking a significant advancement in its intellectual property portfolio. This new patent is expected to play a crucial role in structuring partnerships and licensing opportunities globally. In other developments, Comstock Inc. has appointed Judd B. Merrill as its new Chief Financial Officer and President of its subsidiary, Comstock Mining LLC. Merrill’s extensive experience in mining and clean mineral technology is expected to strengthen Comstock’s financial and operational leadership. These recent developments highlight the ongoing strategic initiatives and leadership changes within these companies.
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