AmpliTech Group, Inc. announced on September 30, 2024, that it received a notice from The NASDAQ Stock Market LLC indicating non-compliance with the minimum bid price requirement of $1.00 per share. This deficiency was based on the closing bid price of the company's listed securities for 30 consecutive business days, from August 15, 2024, to September 26, 2024.
The notice serves as a notification of deficiency and does not immediately affect the listing or trading of AmpliTech's securities on The Nasdaq Capital Market. The company has been granted a compliance period of 180 calendar days, until March 26, 2025, to regain compliance with the listing rules.
To regain compliance, AmpliTech's common stock must achieve a closing bid price of at least $1.00 for a minimum of ten consecutive business days. The company plans to monitor its stock price and evaluate options to meet this requirement within the stipulated period, as failure to do so could lead to delisting.
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