DelistingApr 23, 2026, 08:07 AM
zSpace Receives Nasdaq Delisting Notice Over $0.10 Bid Price
AI Summary
zSpace, Inc. received a delisting notice from The Nasdaq Stock Market LLC on April 21, 2026. The notice indicates that the company's securities had a closing bid price of $0.10 or less for ten consecutive trading days as of April 17, 2026, triggering Nasdaq Listing Rule 5810(c)(3)(A)(iii). This delisting determination follows a prior notice on December 11, 2025, regarding non-compliance with the minimum bid price rule, despite the company's recent 1-for-25 reverse stock split effective April 20, 2026.
Key Highlights
- zSpace received a delisting notice from Nasdaq on April 21, 2026.
- The delisting is due to the company's closing bid price being $0.10 or less for ten consecutive trading days as of April 17, 2026.
- This follows a previous non-compliance notice on December 11, 2025, for failing to maintain a $1.00 minimum bid price.
- The company effected a 1-for-25 reverse stock split on April 20, 2026, in an attempt to regain compliance.