Summary by Moomoo AI
Eos Energy Enterprises, Inc., a leading energy storage system provider, has successfully regained compliance with Nasdaq's minimum continued listing criteria. The company, headquartered in Edison, New Jersey, was previously notified by Nasdaq on May 20, 2024, of a deficiency due to its common stock bid price falling below the $1.00 per share requirement. However, as of July 9, 2024, Eos Energy's common stock closed at or above $1.00 per share for 10 consecutive business days, from June 24 to July 8, 2024, satisfying the Nasdaq Listing Rule 5550(a)(2). Nasdaq has acknowledged the company's compliance and considers the matter closed. Eos Energy announced this achievement in a press release on July 11, 2024.