Veea Inc. Receives Nasdaq Notice for Noncompliance with Minimum Bid Price and Market Value Requirements
Reuters
Oct 03
<a href="https://laohu8.com/S/VEEA">Veea Inc.</a> Receives Nasdaq Notice for Noncompliance with Minimum Bid Price and Market Value Requirements
**Veea Inc. Receives Nasdaq Noncompliance Notices** Veea Inc. announced it has received notices from Nasdaq indicating noncompliance with two key listing requirements. The company's common stock has traded below the $1.00 minimum bid price for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). Additionally, Veea has failed to maintain a minimum market value of publicly held shares of 15 million, as required by Nasdaq Listing Rule 5450(b)(C)$. The notices do not immediately affect the trading of Veea's common stock or warrants, which will continue to trade under the symbols "VEEA" and "VEEAW." Veea has until March 30, 2026, to regain compliance by meeting the bid price and market value requirements for at least 10 consecutive business days. The company is monitoring the situation and considering options to maintain its Nasdaq listing.
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