SRM Entertainment (SRM, Financial) has announced that it has been granted an additional 180-day extension by Nasdaq to meet the exchange’s minimum bid price requirement of $1 per share. This decision comes after Nasdaq Staff's review determined that the company currently fulfills all other listing criteria except for the bid price rule.
To comply with this requirement, SRM's stock must reach a minimum closing bid price of $1 per share for at least 10 consecutive business days at any point during this extended period. The new deadline for compliance is set for October 20, 2025.
This extension is possible because SRM continues to meet other essential criteria, including the market value of publicly held shares, which is a critical factor for initial listing on the Nasdaq Capital Market. Achieving compliance within this timeframe will ensure SRM remains listed on the exchange without interruption.
