Summary by Moomoo AI
On May 6, 2024, Nukkleus Inc. received a notification from The Nasdaq Stock Market indicating that the company's common stock had not met the minimum bid price requirement for continued inclusion on The Nasdaq Capital Market. The closing bid price of Nukkleus Inc.'s stock had been below the $1.00 threshold for 35 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). Despite this, the notice does not immediately affect the listing or trading of the company's stock on the market. Nukkleus Inc. has been given a 180-day period, until November 4, 2024, to regain compliance with the minimum bid price requirement. Compliance can be achieved if the stock's closing bid price reaches $1.00 per share for at least ten consecutive business days within this...Show More