Soluna Holdings Inc. has announced a regulatory issue concerning its stock listing on the Nasdaq Capital Market. On May 8, 2025, the company received a notice from Nasdaq indicating that its common stock had closed below the minimum bid price of $1.00 per share for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). This notice does not immediately affect the trading of Soluna's stock. The company has 180 calendar days, until November 4, 2025, to regain compliance by ensuring its stock price meets or exceeds $1.00 per share for at least ten consecutive business days. If Soluna fails to meet this requirement, it may be eligible for an additional 180-day compliance period. Failure to comply may result in delisting, although Soluna can appeal such a decision. The company is actively monitoring its stock price and considering strategies to meet Nasdaq's requirements.
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