Post by
davgro on May 16, 2023 1:16pm
ELBM now has a Sub $1 Share Price on Nasdaq
ELBM is now in violation of the continued listing standards on the Nasdaq as the share price has dropped below the US $1.00 threshold.
There is now a risk for a deficiency notice if the stock price remains below $1 for 30 consecutive days.
A best effort financing at this point will surely drop the share price further putting the Nasdaq listing at risk or necessitating another share consolidation.
Comment by
Starkicker on May 16, 2023 1:51pm
Relax, Nasdaq doesn't just boot you off if a sp goes under $1. It is a long, long process to delist. A lot will happen between now and then, probably none of it good for shareholders anyway.