Akerna (Nasdaq: KERN), an emerging technology firm, today announced that the company has received confirmation from The Nasdaq Stock Market LLC (“Nasdaq”) that it has regained compliance with the minimum bid price requirement of $1.00 per share under Nasdaq Listing Rule 5550(a)(2) and currently meets all other applicable criteria for continued listing.
On May 24, 2022, Staff of Nasdaq notified the Company that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Listing Rules of The Nasdaq Stock Market. On January 27, 2023, Staff notified the company that for the last 10 consecutive business days, from January 12 to January 26, 2023, the closing bid price of the Company’s common stock has been at $1.00 per share or greater. Accordingly, Staff concurrently determined that the Company has regained compliance with Listing Rule 5550(a)(2) and has deemed this matter closed.
