Elong Power (NASDAQ: ELPW) back in full compliance with Nasdaq bid rule
Rhea-AI Filing Summary
Elong Power Holding Limited reports that it has regained compliance with Nasdaq’s minimum bid price requirement. The company previously received a notice on October 3, 2025 stating that its ordinary shares had closed below $1.00 per share for 30 consecutive business days, triggering a 180-day cure period ending April 1, 2026 under Nasdaq Listing Rule 5450(a)(1).
On January 12, 2026, Nasdaq informed Elong Power that, for the 10 consecutive business days from December 26, 2025 to January 9, 2026, the closing bid price of its ordinary shares was at or above $1.00 per share. As a result, the company is again in compliance with Listing Rule 5450(a)(1), and Nasdaq has closed this matter.
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Insights
Elong Power has cured its Nasdaq bid-price deficiency and a prior delisting risk has been removed.
Elong Power Holding Limited had been out of compliance with Nasdaq Listing Rule 5450(a)(1) after its ordinary shares traded below
The notice dated