XCel Brands gets Nasdaq notice after stock trades below $1 bid price requirement
Bitget2026/10/02 20:56- XCel Brands received a Nasdaq notice on Sept. 29, 2026 for failing the $1.00 minimum bid price requirement.
- The stock traded below $1.00 for 30 consecutive business days, triggering a 180-day compliance window through March 29, 2027.
- Compliance can be regained if the closing bid price is at least $1.00 for 10 consecutive business days within the cure period.
- Failure to regain compliance could lead to a delisting notice, with a possible appeal to a Nasdaq hearings panel.
- A second compliance period may be available, potentially requiring a reverse stock split to cure the deficiency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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