On May 6, 2024, Nukkleus Inc. received a notification from The Nasdaq Stock Market indicating that the company's common stock had not met the minimum bid price requirement for continued inclusion on The Nasdaq Capital Market. The closing bid price of Nukkleus Inc.'s stock had been below the $1.00 threshold for 35 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). Despite this, the notice does not immediately affect the listing or trading of the company's stock on the market. Nukkleus Inc. has been given a 180-day period, until November 4, 2024, to regain compliance with the minimum bid price requirement. Compliance can be achieved if the stock's closing bid price reaches $1.00 per share for at least ten consecutive business days within this...Show More

On May 6, 2024, Nukkleus Inc. received a notification from The Nasdaq Stock Market indicating that the company's common stock had not met the minimum bid price requirement for continued inclusion on The Nasdaq Capital Market. The closing bid price of Nukkleus Inc.'s stock had been below the $1.00 threshold for 35 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). Despite this, the notice does not immediately affect the listing or trading of the company's stock on the market. Nukkleus Inc. has been given a 180-day period, until November 4, 2024, to regain compliance with the minimum bid price requirement. Compliance can be achieved if the stock's closing bid price reaches $1.00 per share for at least ten consecutive business days within this period. If Nukkleus Inc. fails to comply within the initial period, it may be eligible for an additional 180 days, provided it meets other Nasdaq initial listing standards and notifies Nasdaq of its intention to remedy the deficiency. Failure to regain compliance could lead to delisting, but the company has the right to appeal any delisting decision. Nukkleus Inc. plans to actively monitor its stock price and explore options to regain compliance, although there is no guarantee of meeting the requirement.