Heramba Electric Reports Non-Compliance With Nasdaq Listing Rule
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Heramba Electric said late Monday it received a delinquency notification letter from the Nasdaq Stock Market, indicating non-compliance with the bourse's listing rule. The closing bid price for the company's ordinary shares was below $1 apiece for 30 consecutive business days, resulting in non-compliance with the minimum bid price requirement. The company said it has until Sept. 8 to regain compliance failing which it may be eligible for additional time to become compliant.
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