- PicoCELA Inc. (PCLA, Financial) receives Nasdaq notification for not meeting the $1.00 minimum bid price.
- The company has been granted a 180-day period until October 20, 2025, to regain compliance.
- PicoCELA may consider options like a reverse stock split to meet Nasdaq requirements.
PicoCELA Inc. (PCLA), a Tokyo-based provider of enterprise wireless mesh solutions, announced that it has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. From March 10 to April 21, 2025, the company's American Depositary Shares (ADSs) failed to maintain the minimum bid price of $1.00 for 30 consecutive business days.
According to Nasdaq Listing Rule 5550(a)(2), the company has until October 20, 2025, to regain compliance. To meet the requirement, PCLA must achieve a closing bid price of at least $1.00 for at least 10 consecutive business days. As part of its compliance strategy, the company may consider implementing a reverse stock split, which must be completed at least 10 business days before the deadline.
While this notification presents a regulatory challenge, PicoCELA's current operations remain unaffected. The company aims to monitor its share price and explore available options to maintain its Nasdaq listing. Failure to regain compliance could result in delisting, although further compliance periods might be granted. This situation is common among smaller Nasdaq-listed companies and often navigable through share price recovery or corporate actions.
