regulatory
confidence high
sentiment negative
materiality 0.75
SRM Entertainment receives Nasdaq deficiency notice for bid price below $1.00
Tron Inc.
- Received Nasdaq deficiency letter on October 21, 2024 for non-compliance with minimum bid price requirement.
- Common stock must close at $1.00 or more for ten consecutive business days by April 21, 2025 to regain compliance.
- If not compliant by April 21, 2025, Company may qualify for a second 180-day compliance period.
- Company intends to monitor bid price and evaluate options, but provides no assurance of regaining compliance.