regulatory
confidence high
sentiment negative
materiality 0.85
Safe & Green receives Nasdaq delisting notice for continued bid price deficiency
OLENOX INDUSTRIES INC.
- Nasdaq notified on June 11, 2025 that continued non-compliance with minimum $1 bid price rule adds to delisting basis.
- Company failed to regain compliance by June 10, 2025 deadline after Dec 12, 2024 initial notice.
- Will present compliance plan at Nasdaq hearing; stock trades as SGBX pending hearing outcome.
- No second grace period; Staff issued delist determination on June 11, 2025.
item 3.01