KWESST Regains Compliance with Nasdaq Minimum Bid Price Requirement
Rhea-AI Summary
KWESST Micro Systems (NASDAQ: KWE) has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received confirmation from Nasdaq's Listing Qualifications Department that its common shares maintained a closing bid price of $1.00 or higher for 10 consecutive business days from April 24, 2025 to May 7, 2025. As a result, the listing matter has been closed, and KWESST's common shares and public warrants continue to trade on Nasdaq under the symbols "KWE" and "KWESW" respectively.
Positive
- Regained Nasdaq listing compliance, removing delisting risk
- Stock price maintained above $1.00 for required period, showing price stability
Negative
- Previous trading below $1.00 indicates recent financial or market challenges
News Market Reaction
On the day this news was published, KWE gained 4.13%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Ottawa, Ontario--(Newsfile Corp. - May 8, 2025) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW ("KWESST" or the "Company") is pleased to announce that it has received a notification letter (the "Notification Letter") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it has regained compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2) (the "Nasdaq Minimum Bid Price Requirement").
The Notification Letter confirmed that the Company evidenced a closing bid price at or greater than the USD
The common shares of the Company and public warrants continue to trade on Nasdaq under the symbols "KWE" and "KWESW", respectively.
About KWESST
KWESST (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (TSXV: KWE.WT.U) develops and commercializes breakthrough next-generation tactical systems for military and security forces. The company's current portfolio of offerings includes digitization of tactical forces for real-time shared situational awareness and targeting information from any source (including drones) streamed directly to users' smart devices and weapons. Other KWESST products include countermeasures against threats such as electronic detection, lasers and drones. These systems can operate stand-alone or integrate seamlessly with OEM products and battlefield management systems, and all come integrated with TAK. The company also has a new proprietary non-lethal product line branded PARA OPSTM with application across all segments of the non-lethal market, including law enforcement. The Company is headquartered in Ottawa, Canada with representative offices in London, UK and Abu Dhabi, UAE.
For more information, please visit https://kwesst.com/
Contact:
David Luxton, Chairman: luxton@kwesst.com
Sean Homuth, President and CEO: homuth@kwesst.com
Jason Frame, Investor Relations: frame@kwesst.com 587.225.2599
Neither the TSX Venture Exchange nor its respective Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251413
FAQ
What did KWESST (KWE) do to regain Nasdaq compliance in May 2025?
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