Brenmiller Energy Ltd. announced today that it has received written notice from The Nasdaq Stock Market LLC confirming its regained compliance with the minimum bid price requirement. This rule mandates listed securities to maintain a minimum bid price of $1.00 per share.
Nasdaq staff determined compliance after the closing bid price of Brenmiller's ordinary shares was at or above $1.00 per share for 10 consecutive business days prior to the notice date. This action resolves the prior bid price deficiency matter.
Regaining compliance is an important step for the company, ensuring its continued listing on Nasdaq. This stability can positively impact investor confidence and the company's ability to access capital markets.
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