- Primech Holdings (NASDAQ:PMEC) received a letter from Nasdaq notifying the company that it is eligible for an additional 180 calendar day period, or until May 12, 2025, to regain compliance with the Nasdaq’s minimum $1 bid price per share requirement.
- The company was first notified by Nasdaq of its failure to maintain a minimum bid price of $1 per share for 30 consecutive trading days under Nasdaq Listing Rule 5550(a)(2) on May 14, 2024, and was given until November 11, 2024 to regain compliance.
- Source: Press Release