Electra Battery Materials Corporation said it has received notice from The Nasdaq Stock Market LLC that it is eligible for an additional 180-calendar-day period, or until March 15, 2027, to regain compliance with Nasdaq's $1.00 minimum bid price requirement for continued listing. The extension has no immediate effect on the listing or trading of the company's common shares on Nasdaq, and Electra said its operations are not affected. Nasdaq's determination was based on the company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on The Nasdaq Capital Market, other than the minimum bid price requirement, together with Electra's written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split if necessary. If at any time before March 15, 2027 the closing bid price of the shares is at or above US$1.00 per share for a minimum of 10 consecutive business days, Electra will be eligible to regain compliance, subject to Nasdaq's discretion to require a longer compliance period. The extension does not affect the listing of the shares on the TSX Venture Exchange.
Electra Battery Materials CorpNasdaq grants an additional 180-day period to regain the $1.00 minimum bid price compliance, with no immediate effect on listing or operations.
