Lisa Cook sues Trump over firing attempt, emergency hearing set
MKDWELL Tech Inc. (NASDAQ:MKDW) has received a 180-day extension from the Nasdaq Stock Market to regain compliance with the minimum $1.00 bid price requirement for its ordinary shares, according to a press release statement filed with the SEC.
The company was first notified by Nasdaq on February 10 that its share price had closed below $1.00 for 30 consecutive business days, putting it out of compliance with Nasdaq Listing Rule 5450(a)(1). MKDWELL Tech was initially given 180 calendar days, until August 11, to bring its share price back above the $1.00 threshold.
On March 25, the company transferred its listing to the Nasdaq Capital Market, retaining the same compliance deadline. After failing to meet the requirement by August 11, MKDWELL Tech submitted a written request for an additional 180-day period to address the deficiency.
On August 13, Nasdaq informed the company that it had been granted the extension, giving it until February 9, 2026, to meet the minimum bid price rule. Nasdaq’s decision was based on MKDWELL Tech meeting all other continued listing requirements for the Capital Market, except for the bid price, and the company’s stated intention to cure the deficiency, including the possibility of a reverse stock split if necessary.
If the company’s closing bid price reaches at least $1.00 for a minimum of 10 consecutive business days during the extension, Nasdaq will confirm compliance. Nasdaq may require this price to be maintained for up to 20 consecutive business days before determining long-term compliance.
MKDWELL Tech stated it will continue to monitor its share price and may consider options such as a reverse stock split to regain compliance. If the company does not meet the bid price requirement within the extension period, Nasdaq will provide notice that the shares are subject to delisting. The company would then have the right to appeal, but there is no assurance an appeal would be successful.
All information is based on a press release statement filed with the SEC.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.