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Energys Group regains compliance with Nasdaq minimum bid price requirement

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Published 04/14/2026, 05:45 PM
Energys Group regains compliance with Nasdaq minimum bid price requirement
ENGS3.48%

Energys Group Ltd (NASDAQ:ENGS) announced Tuesday that it has regained compliance with the Nasdaq Stock Market’s minimum bid price requirement. According to a press release statement and an accompanying SEC filing, the company received a letter from Nasdaq’s Listing Qualifications Department on April 2 informing it that, for the 10 consecutive business days from March 19 to April 1, the closing bid price of its ordinary shares was at or above $1.00 per share.

As a result, Nasdaq determined that Energys Group is now in compliance with Listing Rule 5550(a)(2), and the matter regarding the minimum bid price requirement is considered closed.

Kevin Cox, Chief Executive Officer and executive director of Energys Group, stated, “We are pleased that the Company has regained compliance with the Bid Price Requirement because we recognize the value to our shareholders of the Nasdaq listing and intend to continue to meet the Bid Price Requirement.”

The company also disclosed that it has not yet received notice regarding compliance with Nasdaq’s $35 million minimum market value of listed shares requirement under Listing Rule 5550(b)(2). Management believes that the market value of the company’s listed shares has been above $35 million for at least the last 10 consecutive business days, but no formal notification has been received from Nasdaq at this time.

All information is based on a press release statement and details disclosed in the company’s recent SEC filing.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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