Laser Photonics receives Nasdaq notice for minimum bid price non-compliance
Laser Photonics Corporation (LASE) has been notified by The Nasdaq Stock Market LLC that it has failed to meet the minimum bid price requirement. The company’s common stock has been trading below $1.00 per share for 30 consecutive business days, which does not comply with Nasdaq Listing Rule 5550(a)(2). This notification does not affect the current listing or trading of LASE.
The company has 180 calendar days, until April 19, 2027, to regain compliance by having the closing bid price at $1.00 per share for at least 10 consecutive business days. If they fail to do so, Nasdaq may extend the compliance period for an additional 180 days, provided other listing standards are met. Failure to regain compliance or qualify for an extension could result in the delisting of LASE's common stock, after which the company could appeal the decision.
Despite the current decline, InvestingPro suggests the stock may be undervalued and recommends further analysis for investors.
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