PicoCELA Inc. Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
PicoCELA (Nasdaq: PCLA), a Tokyo-based enterprise wireless mesh solutions provider, has received a notification from Nasdaq on April 22, 2025, regarding non-compliance with minimum bid price requirements. The company's American Depositary Shares (ADSs) failed to maintain the required US$1.00 per share minimum bid price for 30 consecutive business days from March 10 to April 21, 2025.
Under Nasdaq Listing Rule 5550(a)(2), PCLA has been granted a 180-day compliance period until October 20, 2025, to regain compliance by achieving a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days. The company may consider implementing a reverse stock split, which must be completed at least 10 business days before the deadline. Failure to comply could result in delisting, though the company's current operations remain unaffected.
PicoCELA (Nasdaq: PCLA), un fornitore giapponese di soluzioni wireless mesh per imprese con sede a Tokyo, ha ricevuto una comunicazione da Nasdaq il 22 aprile 2025 riguardo al mancato rispetto del prezzo minimo di offerta. Le American Depositary Shares (ADS) della societ脿 non hanno mantenuto il prezzo minimo richiesto di 1,00 USD per azione per 30 giorni lavorativi consecutivi, dal 10 marzo al 21 aprile 2025.
Secondo la regola Nasdaq 5550(a)(2), a PCLA 猫 stato concesso un periodo di conformit脿 di 180 giorni fino al 20 ottobre 2025 per ritornare in regola, raggiungendo un prezzo di chiusura minimo di 1,00 USD per almeno 10 giorni lavorativi consecutivi. L鈥檃zienda potrebbe valutare una frazionamento azionario inverso, che deve essere completato almeno 10 giorni lavorativi prima della scadenza. Il mancato rispetto pu貌 comportare la cancellazione dalla quotazione, anche se le operazioni attuali della societ脿 restano invariate.
PicoCELA (Nasdaq: PCLA), un proveedor de soluciones de red inal谩mbrica en malla para empresas con sede en Tokio, recibi贸 una notificaci贸n de Nasdaq el 22 de abril de 2025 por incumplimiento del requisito de precio m铆nimo de oferta. Las Acciones de Dep贸sito Americanas (ADS) de la compa帽铆a no mantuvieron el precio m铆nimo requerido de 1,00 USD por acci贸n durante 30 d铆as h谩biles consecutivos, desde el 10 de marzo hasta el 21 de abril de 2025.
Seg煤n la regla de listado Nasdaq 5550(a)(2), a PCLA se le ha otorgado un per铆odo de cumplimiento de 180 d铆as hasta el 20 de octubre de 2025 para recuperar el cumplimiento, logrando un precio de cierre m铆nimo de 1,00 USD durante al menos 10 d铆as h谩biles consecutivos. La empresa podr铆a considerar realizar una divisi贸n inversa de acciones, que debe completarse al menos 10 d铆as h谩biles antes de la fecha l铆mite. El incumplimiento podr铆a resultar en la exclusi贸n de la lista, aunque las operaciones actuales de la compa帽铆a no se ven afectadas.
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PicoCELA (Nasdaq : PCLA), un fournisseur tokyo茂te de solutions de r茅seau maill茅 sans fil pour entreprises, a re莽u une notification de Nasdaq le 22 avril 2025 concernant le non-respect du prix d鈥檕ffre minimum. Les American Depositary Shares (ADS) de la soci茅t茅 n鈥檕nt pas maintenu le prix d鈥檕ffre minimum requis de 1,00 USD par action pendant 30 jours ouvrables cons茅cutifs, du 10 mars au 21 avril 2025.
Conform茅ment 脿 la r猫gle de cotation Nasdaq 5550(a)(2), PCLA b茅n茅ficie d鈥檜ne p茅riode de conformit茅 de 180 jours jusqu鈥檃u 20 octobre 2025 pour retrouver sa conformit茅 en atteignant un cours de cl么ture d鈥檃u moins 1,00 USD pendant au moins 10 jours ouvrables cons茅cutifs. La soci茅t茅 pourrait envisager une op茅ration de regroupement d鈥檃ctions, qui doit 锚tre r茅alis茅e au moins 10 jours ouvrables avant la date limite. Le non-respect pourrait entra卯ner une radiation, bien que les op茅rations actuelles de la soci茅t茅 ne soient pas affect茅es.
PicoCELA (Nasdaq: PCLA), ein in Tokio ans盲ssiger Anbieter von drahtlosen Mesh-L枚sungen f眉r Unternehmen, erhielt am 22. April 2025 eine Mitteilung von Nasdaq wegen Nichteinhaltung der Mindestgebotspreisvorgaben. Die American Depositary Shares (ADS) des Unternehmens unterschritten den erforderlichen Mindestgebotspreis von 1,00 USD pro Aktie f眉r 30 aufeinanderfolgende Handelstage vom 10. M盲rz bis 21. April 2025.
Gem盲脽 Nasdaq-Listenregel 5550(a)(2) wurde PCLA eine Frist von 180 Tagen bis zum 20. Oktober 2025 gew盲hrt, um die Einhaltung wiederherzustellen, indem ein Schlusskurs von mindestens 1,00 USD f眉r mindestens 10 aufeinanderfolgende Handelstage erreicht wird. Das Unternehmen k枚nnte eine Aktiensplit-R眉ckf眉hrung in Erw盲gung ziehen, die mindestens 10 Handelstage vor Ablauf der Frist abgeschlossen sein muss. Eine Nichtbeachtung k枚nnte zur Delistung f眉hren, wobei der laufende Gesch盲ftsbetrieb der Firma unber眉hrt bleibt.
- Company granted 180-day compliance period to resolve listing issue
- Current operations remain unaffected by Nasdaq notification
- Stock price consistently trading below $1.00 minimum requirement
- Risk of potential Nasdaq delisting if compliance not achieved
- Possible reverse stock split may be needed to maintain listing
Insights
Nasdaq's minimum bid price deficiency notification puts PCLA at risk of delisting if $1.00 threshold isn't regained within 180 days.
PicoCELA has received a deficiency notification from Nasdaq for failing to maintain the required minimum bid price of $1.00 per share. The company's ADS price remained below this threshold for 30 consecutive business days, triggering regulatory intervention under Nasdaq Listing Rule 5550(a)(2).
This notification initiates a standard regulatory process that gives the company 180 calendar days (until October 20, 2025) to regain compliance. To satisfy requirements, PCLA must achieve a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. The company has explicitly stated that its operations are not affected by this notification.
The remediation options available to PicoCELA include monitoring its share price for natural recovery or implementing a reverse stock split. If choosing the latter strategy, the company must complete this action no later than ten business days before the compliance deadline. A reverse split would reduce the number of outstanding shares while increasing the price per share proportionally, without changing the company's overall market value.
Should PicoCELA fail to regain compliance by the October deadline, there are two potential outcomes: the company may qualify for an additional compliance period, or it could face delisting from the Nasdaq Capital Market. Delisting would likely result in the shares trading on less prestigious over-the-counter markets, potentially reducing liquidity and institutional investor interest.
This type of notification is relatively common among smaller Nasdaq-listed companies and represents a regulatory challenge rather than an immediate crisis. Many companies successfully navigate this process through share price recovery or corporate actions.
Nasdaq Listing Rule 5550(a)(2) requires listed companies to maintain a minimum bid price of
The Notification Letter does not impact the Company's listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until October 20, 2025, to regain compliance with聽Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company's ADSs must have a closing bid price of at least
The Company's operations are not affected by the receipt of the Notification Letter. The Company intends to monitor the closing bid price of its ADSs and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse share split of its outstanding ADSs, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.
About PicoCELA Inc.
PicoCELA is a
Cautionary Note Regarding Forward-Looking Statements
Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of the Company's SEC filings. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.
PicoCELA Investor Contact
[email protected]
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SOURCE PicoCELA Inc.
FAQ
What is the deadline for PicoCELA (PCLA) to regain Nasdaq compliance?
What happens if PCLA stock doesn't meet Nasdaq's minimum bid requirement by the deadline?
What options does PicoCELA have to maintain Nasdaq listing?
How long was PCLA stock trading below Nasdaq's minimum requirement?
