Zentek Ltd. announced that it received a written notification from the Nasdaq Stock Market LLC on December 3, 2024, confirming it has regained compliance with Nasdaq Listing Rule 5550(a)(2). This rule pertains to the minimum bid price requirement.
The company's common stock maintained a closing bid price above US $1.00 per share for 11 consecutive business days, thereby resolving the previous deficiency.
Regaining compliance removes the immediate risk of delisting from the Nasdaq Capital Market, providing stability for investors.
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