SunPower receives Nasdaq notice of minimum bid price non-compliance
SunPower received written notice on July 21, 2026 from Nasdaq that it failed to maintain the minimum bid price of $1.00 per share required under Nasdaq Listing Rule 5450(a)(1). The company has 180 calendar days to regain compliance by achieving a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days before January 19, 2027. If compliance is not regained within that period, the company may seek an additional 180-day cure period or face delisting.
- Notice received July 21, 2026 from Nasdaq
- Minimum bid price requirement: $1.00 per share under Nasdaq Listing Rule 5450(a)(1)
- 180 calendar days to regain compliance, with deadline of January 19, 2027
- Must achieve $1.00 closing bid price for minimum of ten consecutive business days
- Eligible for second 180-day compliance period if market value and other initial listing standards are met
SunPower has entered a cure period but remains listed; failure to achieve the $1.00 bid price within 180 days could result in delisting unless the company qualifies for and exercises an extended compliance period or effects a reverse stock split.
- NT 10-Q
- SCHEDULE 13D
- 8-Kthis filing
Derived from 8-K filed 2026-07-22. Not investment advice. Figures are extracted from the filing; prose is AI-assisted. View the source filing on SEC.gov →