Recon Technology regains Nasdaq minimum bid price compliance

Magnitude International Ltd has regained compliance with Nasdaq's Listing Rule 5250(c)(1) after filing its annual report on Form 20-F for the fiscal year ended April 30, 2026, according to a press release from Investing.com. The company received an additional staff determination notice on September 16, 2026, related to the delayed filing of the same Form 20-F.

However, this regained compliance does not affect a prior staff determination from Nasdaq dated August 3, 2026, under Nasdaq Listing Rule IM-5101-4, which remains under separate ongoing review. Magnitude International is a mechanical and electrical engineering service provider specializing in electrical works in Singapore, with operations through subsidiaries in the region.

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