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Recon gets Nasdaq notice for breaching $1 minimum bid rule

PUBT · 05/06 20:00

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Recon gets Nasdaq notice for breaching $1 minimum bid rule

Recon Technology received a Nasdaq deficiency notice for failing to meet minimum bid requirement under Listing Rule 5550(a)(2) after ordinary shares closed below USD 1 for 30 consecutive business days.
180-day window to regain compliance runs through Nov. 2, 2026; requirement met if closing bid reaches at least USD 1 for 10 consecutive business days.
Nasdaq notice has no immediate effect on listing; ordinary shares continue to trade on Nasdaq under ticker RCON.
Failure to regain compliance by deadline could trigger delisting process, though company may qualify for an additional 180-day grace period.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Recon Technology Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202605061600PR_NEWS_USPR_____CN52723) on May 06, 2026, and is solely responsible for the information contained therein.

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