other material
confidence high
sentiment positive
materiality 0.35
Orion Energy regains Nasdaq compliance with $1.00 minimum bid price requirement
ORION ENERGY SYSTEMS, INC.
- Received Nasdaq notice on Jan 26, 2024 confirming compliance with Bid Price Rule (5550(a)(2)).
- Non-compliance was reported on Dec 21, 2023 after bid price fell below $1.00 for 30 consecutive days.
- Nasdaq verified closing bid price ≥ $1.00 for 10 consecutive business days from Jan 11 to Jan 25, 2024.
- Compliance removes immediate delisting risk for OESX common stock.