Elite Express Holding Inc. received Nasdaq approval for a second 180-day compliance period until October 26, 2026, to regain minimum $1.00 bid price compliance despite failing initial deadline.
Key takeaways
Received Nasdaq notification on April 30, 2026, granting additional 180 days until October 26, 2026, to meet $1.00 minimum bid price under Rule 5550(a)(2).
Eligible due to meeting market value of publicly held shares and other Nasdaq Capital Market initial listing requirements except bid price.
Company provided written notice of intent to cure deficiency, potentially via reverse stock split previously approved by stockholders.
Compliance achievable if bid price >= $1.00 for 10 consecutive business days during period.
No immediate impact on listing or trading of securities on Nasdaq Capital Market.
Failure to comply by October 26, 2026, will trigger delisting notification.