regulatory
confidence high
sentiment negative
materiality 0.70
ClearSign receives Nasdaq extension to April 28, 2025 to regain minimum bid price compliance
ClearSign Technologies Corp
- Granted 180-day extension after stock closed below $1 for 30 consecutive days through May 1, 2024.
- Must close at $1.00 per share for 10 consecutive business days by April 28, 2025 to avoid delisting.
- Company may pursue a reverse stock split if needed to meet the bid price requirement.
- Failure to regain compliance could lead to delisting; company may appeal but no assurance of success.
- Listing and trading of CLIR on Nasdaq Capital Market continue for now; no immediate effect.