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Fast Track Group (NASDAQ:FTG) announced Friday it received a notice from the Nasdaq Stock Market indicating the company is not in compliance with the exchange’s minimum bid price requirement. The notice, dated August 13, was issued after the company’s closing bid price remained below $1 per share from July 1 to August 12, 2025, as required by Nasdaq Listing Rule 5550(a)(2).
According to a statement based on a press release and SEC filing, Fast Track Group now has 180 calendar days, until February 9, 2026, to regain compliance with the minimum bid price rule. If the company fails to meet the requirement within this period, it may be eligible for an additional 180-day extension, provided it satisfies other continued listing standards for the Nasdaq Capital Market, except for the bid price, and submits written notice of its intent to remedy the deficiency, potentially by carrying out a reverse stock split.
If Fast Track Group is unable to regain compliance or is found ineligible for an extension, Nasdaq may initiate delisting proceedings for the company’s securities.
The company stated it is evaluating options to restore compliance and intends to take timely action to meet Nasdaq’s continued listing requirements. There is no assurance that Fast Track Group will regain compliance within the specified timeframe.
This information is based on a press release statement and the company’s recent SEC filing.
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