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Aeries Technology, Inc. received Nasdaq notice of delisting due to failure to meet the minimum bid price requirement, but intends to request a hearing to stay the process.
Key Takeaways
1Received Nasdaq delisting notice on March 31, 2026, for non-compliance with Bid Price Rule 5550(a)(2).
2Initial deficiency notified on September 30, 2025, based on 30 consecutive business days closing bid price.
3Grace period expired March 30, 2026, without regaining compliance.
4Not eligible for second 180-day grace period due to insufficient stockholders’ equity for Nasdaq Capital Market.
5Plans to request hearing before Nasdaq Hearings Panel, staying further action pending decision.
6No assurance of continued listing or compliance within any Panel extension.