regulatory
confidence high
sentiment negative
materiality 0.70
Gevo receives Nasdaq extension until Feb 24, 2025 to meet $1.00 bid price rule
Gevo, Inc.
- Nasdaq granted Gevo an additional 180 days, until February 24, 2025, to regain compliance with the $1.00 minimum bid price rule.
- Company's common stock must close at or above $1.00 for at least ten consecutive business days during the extension.
- Gevo may pursue a reverse stock split to cure the deficiency, subject to stockholder approval.
- The extension has no immediate effect on listing; stock continues trading on Nasdaq under symbol GEVO.