regulatory
confidence high
sentiment positive
materiality 0.65
Orion regains Nasdaq compliance with minimum bid price rule after ten days above $1.00
ORION ENERGY SYSTEMS, INC.
- Received Nasdaq notice on June 18, 2024 that it regained compliance with Bid Price Rule 5550(a)(2).
- Compliance regained after closing bid price was at or above $1.00 for ten consecutive business days (June 3–17, 2024).
- Company had been out of compliance since April 5, 2024 due to bid price below $1.00 for 30 consecutive days.
- Nasdaq confirmed compliance; no further action required to maintain listing.