Prairie Operating receives Nasdaq minimum bid price deficiency notice
Prairie Operating Co. received a notice from Nasdaq on July 2, 2026, that its common stock's closing bid price has fallen below the required $1.00 per share for the past 30 consecutive business days. The company has been given an initial 180-calendar-day compliance period, ending December 29, 2026, to restore the bid price to at least $1.00 for a minimum of ten consecutive business days. If compliance is not achieved, Prairie may be eligible for a second 180-day period but faces immediate delisting if the stock trades at or below $0.10 for ten consecutive trading days.
Key facts
- Initial compliance period of 180 calendar days, ending December 29, 2026
- Closing bid price has been below $1.00 per share for the last 30 consecutive business days
- Nasdaq Listing Rule 5550(a)(2) minimum bid price requirement is $1.00 per share
- If stock trades at or below $0.10 for ten consecutive trading days, Nasdaq will immediately issue a delisting determination
- Common Stock will continue to trade on The Nasdaq Capital Market during the compliance period
- To qualify for second 180-day period, Prairie must meet market value of publicly held shares and all other initial listing standards except the bid price requirement
Why it matters
Prairie has 180 days to restore its share price above $1.00 or face delisting; failure to do so within the permitted periods would result in loss of Nasdaq listing, requiring the company to seek alternative trading venues or pursue a reverse split.
Share
Derived from 8-K filed 2026-07-09. Not investment advice. View the source filing on SEC.gov →