regulatory
confidence high
sentiment negative
materiality 0.80
Pineapple Energy receives Nasdaq delisting notice; no cure period due to panel monitor
SUNation Energy, Inc.
- Received Nasdaq letter Oct 1, 2024: bid price below $1 for 30 consecutive days ending Sep 30, 2024.
- No 180-day cure period due to mandatory panel monitor from July 18, 2024 listing decision.
- Must request hearing by Oct 8, 2024 to stay delisting; company intends to do so.
- Share consolidation approved in July 2024 may be used to regain compliance with bid price rule.