iOThree Ltd. Receives Nasdaq Notification for Non-Compliance with Minimum Bid Price Requirement
Reuters
Jun 07
iOThree Ltd. Receives Nasdaq Notification for Non-Compliance with Minimum Bid Price Requirement
iOThree Limited, a prominent provider of maritime digital technologies based in Singapore, has announced that it received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The company failed to meet the $1.00 closing bid price threshold for 30 consecutive business days between April 21, 2025, and June 2, 2025. This notification marks the beginning of a potential delisting process for iOThree Limited from the Nasdaq Stock Market unless the company addresses the deficiency. Further updates or specific future steps from iOThree Ltd. regarding this matter have not been disclosed in the announcement.
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