Progressive shares fall as Q3 earnings, revenue miss expectations
Aqua Metals, Inc. (NASDAQ:AQMS) announced Monday that it has regained compliance with the Nasdaq Capital Market’s minimum bid price requirement following a recent one-for-ten reverse stock split and an appeal to the Nasdaq Hearing Panel. The company, currently valued at $5.86 million, has seen its stock price recover to $4.17.
According to a statement based on an SEC filing, Aqua Metals received confirmation from Nasdaq on September 4, 2025, that the company had met the minimum closing bid price of $1.00 per share as required by Listing Rule 5550(a)(2). The company had previously disclosed on July 2, 2025, that it was notified by Nasdaq of non-compliance after its common stock traded below $1.00 for 30 consecutive trading days. InvestingPro data shows the stock has demonstrated high volatility, with a notable 9.16% gain in the past week despite an 89.72% decline over the past year.
Because Aqua Metals had already completed a reverse stock split within the past year, it was not eligible for an automatic compliance grace period and was subject to delisting unless it appealed. The company implemented the reverse stock split on August 4, 2025, and a hearing was held with the Nasdaq Hearing Panel on August 19, 2025.
As a result of regaining compliance, Aqua Metals will be subject to a mandatory one-year monitoring period ending September 4, 2026. During this period, if the company falls out of compliance with the minimum bid price requirement again, it will not be eligible for a compliance grace period and could face delisting unless it requests another appeal with the Nasdaq Hearing Panel.
Aqua Metals’ common stock continues to trade on the Nasdaq Capital Market under the symbol AQMS. The company is incorporated in Delaware and is engaged in secondary smelting and refining of nonferrous metals.
All information is based on a press release statement filed with the Securities and Exchange Commission.
In other recent news, Aqua Metals reported a net loss of $6.8 million, or $7.44 per share, for the second quarter of 2025. The company announced significant operational changes, which include the sale of assets and workforce reductions as part of efforts to conserve cash. Following these developments, Benchmark raised its price target on Aqua Metals from $3.00 to $7.00, maintaining a Speculative Buy rating. These changes come amid Aqua Metals’ update on its commercialization progress, as discussed in their recent earnings call. The strategic shifts outlined by the company aim to address current financial challenges. Investors are closely watching these developments as Aqua Metals navigates through its financial and operational adjustments.
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