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PicoCELA Inc. (NASDAQ:PCEL) announced Wednesday that it has regained compliance with the Nasdaq Stock Market’s minimum bid price requirement for continued listing. The company disclosed in a press release statement, based on a recent SEC filing, that it received a notice from Nasdaq on June 25 confirming compliance.
PicoCELA had previously received a deficiency letter from Nasdaq on April 22, indicating that its American depositary shares (ADSs) had closed below the required minimum bid price of $1.00 per share for 30 consecutive business days. Under Nasdaq Listing Rule 5550(a)(2), the company was given until October 20, 2025, to restore compliance.
According to the filing, PicoCELA achieved the minimum closing bid price of $1.00 or greater per ADS for 10 consecutive business days, from June 10 to June 24. As a result, Nasdaq informed the company that the matter is now closed.
PicoCELA is a manufacturer in the electric lighting and wiring equipment industry, with its principal office located in Tokyo, Japan. The information in this article is based on a press release statement and the company’s recent SEC filing.
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