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EpicQuest Education Group International Ltd (NASDAQ:EEIQ) announced Wednesday it has received an additional 180 calendar days from the Nasdaq Stock Market to regain compliance with the exchange’s minimum bid price requirement.
According to a statement based on a recent SEC filing, EpicQuest was first notified by Nasdaq staff on March 5 that its common shares had failed to maintain a minimum closing bid price of $1.00 for 30 consecutive business days, as required by Nasdaq listing rules. The company was initially given 180 calendar days, until September 1, to restore compliance.
On Tuesday, Nasdaq staff notified EpicQuest that it is eligible for a second 180-day period, extending the deadline to March 2, 2026. To qualify for the extension, EpicQuest was required to meet all other initial listing standards for the Nasdaq Capital Market, except for the minimum bid price, and to notify Nasdaq of its intent to resolve the deficiency.
EpicQuest stated it remains subject to the minimum bid price requirement and must achieve a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days before the new deadline to regain compliance.
The company’s common shares continue to be listed on the Nasdaq Capital Market under the ticker NASDAQ:EEIQ.
This information is based on a press release statement and the company’s SEC filing.
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