Summary by Moomoo AI
On May 31, 2024, FuelCell Energy, Inc. received a notification from Nasdaq's Listing Qualifications Department indicating that the company is not in compliance with the minimum bid price requirement. The company's common stock had a closing bid price below the required $1.00 per share for 30 consecutive business days. Despite this, the company's stock will continue to be listed and traded on The Nasdaq Global Market. FuelCell Energy has been granted a 180-day period, until November 27, 2024, to meet the minimum bid price requirement. The company must maintain a closing bid price of at least $1.00 per share for at least 10 consecutive business days within this period to regain compliance. If compliance is not achieved by the deadline, the company may be eligible for an additional 180-day period by transferring its listing to The Nasdaq Capital Market, provided it meets certain conditions. FuelCell Energy is considering options to address the bid price deficiency and there is no guarantee of regaining compliance with the Nasdaq Listing Rule 5450(a)(1).