China Recycling Energy regains compliance with Nasdaq listing qualifications China Recycling Energy said in an 8-K filing that on December 20 it received a written notification from the NASDAQ Stock Market Listing Qualifications Staff indicating that the company has regained compliance with the $1.00 minimum bid price requirement for continued listing on the NASDAQ Global Market pursuant to NASDAQ Listing Rule 5550(a)(2) and that the matter is now closed. The closing bid price of the company’s common stock has been at $1.00 per share or greater for at least 10 consecutive business days. Accordingly, the company has regained compliance with the Minimum Bid Price Requirement.
China Recycling Energy receives Nasdaq notice of bid price defiency China Recycling Energy announced that it received notice from Nasdaq's Listing Qualifications Department indicating that the closing bid price of the company's common stock was below the minimum requirement of $1.00 per share for 30 consecutive business days and the company was therefore not in compliance with NASDAQ listing rule 5450a1. The company has 180 calendar days, or until December 16, 2015, to regain compliance with the minimum bid price rule. If, at any time during the 180-day period the closing bid price per share of the company's common stock is US$1.00 or above for a minimum of ten consecutive business days, the Nasdaq staff will provide written confirmation of compliance and this matter will be closed.