Recon Technology regains Nasdaq bid-price compliance
Recon Technology, Ltd (RCON) reports that it has regained compliance with the Nasdaq Capital Market’s minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).
Rhea-AI Filing Summary
Recon Technology, Ltd (RCON) reports that it has regained compliance with the Nasdaq Capital Market’s minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). Nasdaq notified Recon on September 16, 2026 that its Class A ordinary shares met the rule’s standard after a recent period of higher closing bid prices.
Nasdaq confirmed that, for the ten consecutive business days from September 1, 2026 through September 15, 2026, Recon’s Class A ordinary shares closed at $1.00 per share or greater, resolving the prior deficiency first noted on May 4, 2026, when the shares had traded below $1.00 for 30 consecutive business days. Nasdaq stated that Recon is now in compliance with all applicable listing standards and that the matter is closed.
Positive
- Nasdaq confirmed Recon has regained compliance with Listing Rule 5550(a)(2), removing the immediate risk associated with its prior minimum bid price deficiency.
- For 10 consecutive business days from September 1–15, 2026, Recon’s Class A ordinary shares closed at $1.00 or higher, restoring compliance with the Nasdaq minimum bid price requirement.
Negative
- None.
Key Figures
Minimum bid price threshold: $1.00 per share
Non-compliance period length: 30 consecutive business days
Compliance confirmation window: 10 consecutive business days
+3 more
6 metrics
Minimum bid price threshold
$1.00 per share
Required closing bid price under Nasdaq Listing Rule 5550(a)(2)
Non-compliance period length
30 consecutive business days
Period during which shares traded below $1.00 before the May 4, 2026 notice
Compliance confirmation window
10 consecutive business days
From September 1–15, 2026 with closing bid at or above $1.00
Compliance confirmation date
September 16, 2026
Date Nasdaq informed Recon it had regained compliance
Initial deficiency notice date
May 4, 2026
Date Nasdaq notified Recon of failure to meet minimum bid price
Form type
Form 6-K
Report of foreign private issuer for September 2026
Key Terms
Nasdaq Listing Rule 5550(a)(2), minimum bid price requirement, foreign private issuer, forward-looking statements, +1 more
5 terms
Nasdaq Listing Rule 5550(a)(2) regulatory
"its Class A ordinary shares had failed to maintain a minimum bid price"
minimum bid price requirement regulatory
"it has regained compliance with the minimum bid price requirement"
A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.
foreign private issuer regulatory
"REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
forward-looking statements regulatory
"Recon includes "forward-looking statements" within the meaning of the federal"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
listing standards regulatory
"the Company is in compliance with all applicable listing standards"
Rules set by a stock exchange that determine which companies can be listed and what they must keep doing to stay listed, covering things like financial health, reporting, and governance. They matter to investors because they provide a baseline of transparency and quality—like building codes or club membership rules—so buyers can trust that listed companies meet minimum standards and that market information is more reliable and comparable.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Recon Technology Ltd (RCON) announce in this Form 6-K?
Recon announced that Nasdaq notified the Company on September 16, 2026 that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2), and that Recon is in compliance with all applicable Nasdaq listing standards.
Why was Recon Technology (RCON) previously non-compliant with Nasdaq rules?
On May 4, 2026, Recon received a Nasdaq notice stating its Class A ordinary shares had failed to maintain a $1.00 minimum bid price for 30 consecutive business days, triggering a deficiency under Nasdaq Listing Rule 5550(a)(2).
How did Recon Technology (RCON) regain compliance with Nasdaq’s minimum bid price rule?
Nasdaq confirmed that from September 1–15, 2026, Recon’s Class A ordinary shares had a closing bid price of $1.00 per share or greater for 10 consecutive business days, satisfying the minimum bid price requirement under Listing Rule 5550(a)(2).
What is the impact of this Nasdaq decision on Recon Technology (RCON)?
Nasdaq advised that Recon is in compliance with all applicable listing standards and that the minimum bid price matter is now closed, meaning the prior listing deficiency related to Rule 5550(a)(2) has been resolved.
AI-generated analysis. How Rhea-AI works. Not financial advice.
