Crown LNG Holdings (CGBS) said late Tuesday it has received a Nasdaq notice for failing to meet the minimum bid price requirement for continued listing after the closing bid price for its shares was below $1 for the last 30 straight business days.
The company said the notice has no immediate impact on the listing or trading of its common stock on the exchange.
Crown LNG said it has until March 3 to regain compliance with the rule.
If it's unable to do so by then, the company said it may be eligible for an additional period of 180 calendar days to regain compliance.
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