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 società 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 è stato concesso un periodo di conformità 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’azienda potrebbe valutare una frazionamento azionario inverso, che deve essere completato almeno 10 giorni lavorativi prima della scadenza. Il mancato rispetto può comportare la cancellazione dalla quotazione, anche se le operazioni attuali della società restano invariate.
PicoCELA (Nasdaq: PCLA), un proveedor de soluciones de red inalámbrica en malla para empresas con sede en Tokio, recibió una notificación de Nasdaq el 22 de abril de 2025 por incumplimiento del requisito de precio mínimo de oferta. Las Acciones de Depósito Americanas (ADS) de la compañía no mantuvieron el precio mínimo requerido de 1,00 USD por acción durante 30 días hábiles consecutivos, desde el 10 de marzo hasta el 21 de abril de 2025.
Según la regla de listado Nasdaq 5550(a)(2), a PCLA se le ha otorgado un período de cumplimiento de 180 días hasta el 20 de octubre de 2025 para recuperar el cumplimiento, logrando un precio de cierre mínimo de 1,00 USD durante al menos 10 días hábiles consecutivos. La empresa podría considerar realizar una división inversa de acciones, que debe completarse al menos 10 días hábiles antes de la fecha límite. El incumplimiento podría resultar en la exclusión de la lista, aunque las operaciones actuales de la compañía no se ven afectadas.
PicoCELA(나스닥: PCLA)는 도쿄에 본사를 둔 기업용 무선 메시 솔루션 제공업체로, 2025년 4월 22일 나스닥으로부터 최저 입찰가 요건 미충족에 대한 통지를 받았습니다. 회사의 미국 예탁 증권(ADS)은 2025년 3월 10일부터 4월 21일까지 30거래일 연속으로 주당 최소 1.00달러의 입찰가를 유지하지 못했습니다.
나스닥 상장 규칙 5550(a)(2)에 따라 PCLA는 2025년 10월 20일까지 180일의 준수 기간을 부여받았으며, 최소 10거래일 연속으로 종가가 1.00달러 이상이 되어야 합니다. 회사는 역병합(리버스 스플릿)을 고려할 수 있으며, 이는 마감일 최소 10거래일 전에 완료되어야 합니다. 미준수 시 상장폐지될 수 있으나, 현재 회사 운영에는 영향이 없습니다.
PicoCELA (Nasdaq : PCLA), un fournisseur tokyoïte de solutions de réseau maillé sans fil pour entreprises, a reçu une notification de Nasdaq le 22 avril 2025 concernant le non-respect du prix d’offre minimum. Les American Depositary Shares (ADS) de la société n’ont pas maintenu le prix d’offre minimum requis de 1,00 USD par action pendant 30 jours ouvrables consécutifs, du 10 mars au 21 avril 2025.
Conformément à la règle de cotation Nasdaq 5550(a)(2), PCLA bénéficie d’une période de conformité de 180 jours jusqu’au 20 octobre 2025 pour retrouver sa conformité en atteignant un cours de clôture d’au moins 1,00 USD pendant au moins 10 jours ouvrables consécutifs. La société pourrait envisager une opération de regroupement d’actions, qui doit être réalisée au moins 10 jours ouvrables avant la date limite. Le non-respect pourrait entraîner une radiation, bien que les opérations actuelles de la société ne soient pas affectées.
PicoCELA (Nasdaq: PCLA), ein in Tokio ansässiger Anbieter von drahtlosen Mesh-Lösungen für 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 für 30 aufeinanderfolgende Handelstage vom 10. März bis 21. April 2025.
Gemäß Nasdaq-Listenregel 5550(a)(2) wurde PCLA eine Frist von 180 Tagen bis zum 20. Oktober 2025 gewährt, um die Einhaltung wiederherzustellen, indem ein Schlusskurs von mindestens 1,00 USD für mindestens 10 aufeinanderfolgende Handelstage erreicht wird. Das Unternehmen könnte eine Aktiensplit-Rückführung in Erwägung ziehen, die mindestens 10 Handelstage vor Ablauf der Frist abgeschlossen sein muss. Eine Nichtbeachtung könnte zur Delistung führen, wobei der laufende Geschäftsbetrieb der Firma unberührt 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 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
global@picocela.com
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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?
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How long was PCLA stock trading below Nasdaq's minimum requirement?
