Odyssey Marine Exploration Inc. recently faced a regulatory issue concerning its compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share. Initially notified on November 4, 2024, the company failed to meet this requirement for 30 consecutive business days. By May 7, 2025, they had not regained compliance and were at risk of being delisted from Nasdaq. However, as of May 9, 2025, Odyssey Marine Exploration successfully regained compliance, with its common stock closing at or above $1.00 per share for ten consecutive business days (April 25 to May 8, 2025). Consequently, Nasdaq lifted the delisting threat, resolving the issue.
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