Professional Diversity Network received Nasdaq minimum bid price deficiency notice
Professional Diversity Network, Inc. received written notification from Nasdaq on June 5, 2026, that it was not in compliance with Nasdaq Listing Rule 5550(a)(2) because the closing bid price of its common stock was below $1.00 per share for the prior thirty consecutive business days. The company has been granted a 180-calendar day compliance period until December 2, 2026, to regain compliance; if it achieves a closing bid at or above $1.00 per share for ten consecutive business days during that period, Nasdaq will confirm compliance and close the matter. If the company does not regain compliance by December 2, 2026, it may qualify for a second 180-calendar day compliance period if it meets other listing standards.
Key facts
- Notice date: June 5, 2026
- Nasdaq Listing Rule 5550(a)(2) — Minimum Bid Price Requirement
- Minimum bid price threshold: $1.00 per share
- Non-compliance period: prior thirty consecutive business days
- Initial compliance period: 180 calendar days, until December 2, 2026
- Common stock par value: $0.01 per share
- Compliance milestone: closing bid at or above $1.00 for minimum ten consecutive business days
- Listing venue: Nasdaq Capital Market
Why it matters
The deficiency notice establishes a compliance deadline and outlines the conditions under which Professional Diversity Network's common stock could be subject to delisting from Nasdaq if the minimum bid price requirement is not met.
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Derived from 8-K filed 2026-06-09. Not investment advice. View the source filing on SEC.gov →