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Investing.com -- Flux Power Holdings Inc (NASDAQ:FLUX) stock jumped 5.2% in after-hours trading Monday following the company’s announcement that it has regained compliance with Nasdaq’s continued listing requirements.
The lithium-ion energy storage solutions developer received confirmation from Nasdaq that it has satisfied the exchange’s Market Value of Listed Securities requirement by maintaining a market capitalization above $35 million for 20 consecutive trading days, as required by Nasdaq Listing Rule 5550(b)(2).
The compliance notification allows Flux Power to continue trading on the Nasdaq Capital Market under its FLUX ticker symbol. This development resolves concerns that arose after Nasdaq notified the company on January 31, 2025, that it was not meeting the $2.5 million stockholders’ equity requirement.
"We’re very pleased to have regained compliance to maintain our listing on The Nasdaq Capital Market," said Kevin Royal, Flux Power’s CFO. "Now with our new fiscal year underway, we remain relentlessly focused on executing our revised operating plan under new CEO, Krishna Vanka. Together we seek to achieve our ultimate goals of consistently profitable revenue growth and increased shareholder value for our stakeholders in the months ahead."
Nasdaq will continue to monitor Flux Power’s compliance with listing requirements for one year. If the company fails to comply with Rule 5550(b) during this period, Nasdaq will issue a delist determination letter, though the company would have an opportunity to request a new hearing.
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