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Nasdaq notifies BGMS of non-compliance with the $1.00 minimum bid price rule
BGMSBio Green Med Solution, Inc.
Bio Green Med Solution, Inc. received a notice from Nasdaq that its common stock failed to meet the $1.00 minimum bid price requirement for 30 consecutive business days. The company has an 180-day grace period until April 27, 2027, to regain compliance by maintaining a closing price of at least $1.00 for ten consecutive trading days. Failure to comply may result in delisting from the Nasdaq Capital Market. This notice coincides with a pending business combination with Future NRG Sdn. Bhd., which includes a proposal for a reverse stock split ranging from 1:4 to 1:16 to potentially address listing standards.