KWESST Regains Compliance with Nasdaq Minimum Bid Price Requirement
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.
KWESST Micro Systems (NASDAQ: KWE) ha riconquistato con successo la conformità al requisito minimo di prezzo di offerta di Nasdaq. La società ha ricevuto conferma dal Dipartimento di Qualifica delle Quotazioni di Nasdaq che le sue azioni ordinarie hanno mantenuto un prezzo di chiusura pari o superiore a 1,00 USD per 10 giorni lavorativi consecutivi dal 24 aprile 2025 al 7 maggio 2025. Di conseguenza, la questione relativa alla quotazione è stata chiusa e le azioni ordinarie di KWESST e i warrant pubblici continuano a essere negoziati su Nasdaq con i simboli "KWE" e "KWESW" rispettivamente.
KWESST Micro Systems (NASDAQ: KWE) ha recuperado con éxito el cumplimiento del requisito mínimo de precio de oferta de Nasdaq. La compañía recibió la confirmación del Departamento de Calificaciones de Listado de Nasdaq de que sus acciones comunes mantuvieron un precio de cierre de 1,00 USD o más durante 10 días hábiles consecutivos desde el 24 de abril de 2025 hasta el 7 de mayo de 2025. Como resultado, el asunto de la cotización se ha cerrado y las acciones comunes y los warrants públicos de KWESST continúan cotizando en Nasdaq bajo los símbolos "KWE" y "KWESW", respectivamente.
KWESST Micro Systems (NASDAQ: KWE)가 나스닥 최소 입찰가 요구 사항을 성공적으로 충족했습니다. 회사는 나스닥 상장 자격 부서로부터 2025년 4월 24일부터 2025년 5월 7일까지 10거래일 연속으로 종가가 1.00달러 이상임을 확인받았습니다. 이에 따라 상장 문제는 종료되었으며, KWESST의 보통주와 공개 워런트는 각각 "KWE"와 "KWESW" 심볼로 나스닥에서 계속 거래되고 있습니다.
KWESST Micro Systems (NASDAQ : KWE) a réussi à se conformer à nouveau à l'exigence minimale du prix d'offre de Nasdaq. La société a reçu la confirmation du Département des qualifications de cotation de Nasdaq que ses actions ordinaires ont maintenu un cours de clôture de 1,00 $ ou plus pendant 10 jours ouvrables consécutifs du 24 avril 2025 au 7 mai 2025. En conséquence, la question de la cotation a été clôturée et les actions ordinaires ainsi que les bons publics de KWESST continuent d'être négociés sur Nasdaq sous les symboles "KWE" et "KWESW" respectivement.
KWESST Micro Systems (NASDAQ: KWE) hat erfolgreich die Einhaltung der Mindestgebotspreisanforderung der Nasdaq wiedererlangt. Das Unternehmen erhielt eine Bestätigung von der Abteilung für Notierungsqualifikationen der Nasdaq, dass seine Stammaktien vom 24. April 2025 bis zum 7. Mai 2025 für 10 aufeinanderfolgende Handelstage einen Schlusskurs von 1,00 USD oder höher aufwiesen. Infolgedessen ist die Notierungsangelegenheit abgeschlossen, und die Stammaktien sowie die öffentlichen Warrants von KWESST werden weiterhin unter den Symbolen "KWE" bzw. "KWESW" an der Nasdaq gehandelt.
- Regained Nasdaq listing compliance, removing delisting risk
- Stock price maintained above $1.00 for required period, showing price stability
- Previous trading below $1.00 indicates recent financial or market challenges
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
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