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Twin Vee Powercats Co. received a Nasdaq delisting notice on April 2, 2026, for failing to maintain the $1.00 minimum bid price for 30 consecutive business days, and is ineligible for the standard 180-day compliance period due to a prior reverse stock split.
Key Takeaways
1Nasdaq notified the Company on April 2, 2026, that it failed the $1.00 minimum bid price requirement under Listing Rule 5550(a)(2).
2The deficiency persisted for 30 consecutive business days from February 18, 2026, to March 31, 2026, based on closing bid prices.
3The Company is ineligible for the standard 180-calendar-day compliance period because it executed a 1-for-10 reverse stock split on April 7, 2025.
4The Company must request a hearing before the Nasdaq Hearings Panel by April 9, 2026, or face delisting; a timely request will stay delisting pending the Panel’s decision.
5The Company intends to monitor its stock price and consider options—including another reverse stock split—to regain compliance.