Eastern International Ltd. announced it received a letter from the Nasdaq Stock Market on September 10, 2026, notifying the company that its ordinary shares no longer meet the minimum bid price requirement for continued listing under Nasdaq Marketplace Rule 5550(a)(2) because the closing bid price fell below $1.00 for 30 consecutive trading days. The notification has no immediate effect on the listing of the company's ordinary shares, and under Nasdaq Marketplace Rule 5810(c)(3)(A) Eastern International has 180 calendar days, until March 9, 2027, to regain compliance. If the bid price closes at least $1.00 per share for a minimum of 10 consecutive business days at any time before the compliance period expires, Nasdaq will provide written confirmation and close the matter. Should the company fail to regain compliance by the deadline, it may be eligible for an additional 180 calendar day period, provided it meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and provides written notice of its intention to cure the deficiency by effecting a reverse stock split if necessary. Eastern International said it intends to continue actively monitoring its bid price and will consider all available options to resolve the deficiency and regain compliance.
Eastern International Ltd.Eastern International received a Nasdaq minimum bid price deficiency notice for trading below $1.00 for 30 consecutive days, threatening continued listing.
Harbin Electric