regulatory
confidence high
sentiment negative
materiality 0.75
Odyssey Marine receives Nasdaq non-compliance notices for market value and bid price
ODYSSEY MARINE EXPLORATION INC
- Nasdaq notified market value of listed securities fell below $35M minimum; 180-day cure ends April 28, 2025.
- Nasdaq also notified minimum bid price fell below $1.00 per share; cure period ends May 5, 2025.
- To regain compliance, OMEX must show market value >= $35M for 10 consecutive business days.
- To regain bid-price compliance, OMEX must show closing bid >= $1.00 for 10 consecutive business days.
- Notices have no immediate effect on Nasdaq Capital Market listing; delisting possible if not cured.