Polar Power Meets Nasdaq’s $2.5 Million Equity Requirement
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Polar Power Inc. (NASDAQ: POLA) said Wednesday that Nasdaq staff determined on Nov. 3 that it met the exchange’s $2.5 million stockholders’ equity minimum for continued listing, though it must demonstrate compliance again in its next periodic report. The requirement applies to companies listed on the Nasdaq Capital Market under Listing Rule 5550(b)(1). Nasdaq will continue monitoring Polar Power’s compliance. The company said it could face delisting proceedings if its next periodic report does not show it still meets the threshold. Polar Power said Nasdaq based its determination on an Oct.
Source: TokenPost
