Soluna Holdings Inc. (NASDAQ: SLNH) received notice from Nasdaq on April 10 that its stock price fell below the exchange's minimum bid requirement, according to a company statement.

The company's common stock closed below $1.00 per share for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). The notice does not immediately affect the stock's listing or trading on the Nasdaq Capital Market.

Soluna has 180 calendar days until October 7, 2026, to regain compliance with the minimum bid price requirement. The company must maintain a closing bid price of $1.00 or higher for at least 10 consecutive business days during this period.

If the company fails to meet the requirement by the October deadline, it may qualify for a second 180-day compliance period. Should Soluna not qualify for or fail to regain compliance during the additional period, Nasdaq would notify the company of its decision to delist the stock. The company would then have the option to appeal the delisting determination to a Nasdaq hearings panel.

The company stated it intends to monitor its stock's closing bid price and may consider implementing strategies to regain compliance with Nasdaq listing requirements.