Recon Technology regains Nasdaq minimum bid price compliance

Recon Technology, Ltd. (NASDAQ: RCON), a China-based oilfield services company, announced it received a letter from Nasdaq on September 16, 2026, confirming that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).

Nasdaq confirmed that the closing bid price of the company's Class A ordinary shares was at or above $1.00 per share for ten consecutive business days from September 1, 2026 through September 15, 2026. Nasdaq advised that the matter is now closed and that the company is in compliance with all applicable listing standards.

As previously disclosed, Recon Technology received a notification from Nasdaq on May 4, 2026, stating that its Class A ordinary shares had failed to maintain a minimum bid price of $1.00 per share over the prior 30 consecutive business days.

You May Also Be Interested In

• Ubique Group launches Martha Stewart modular living-room furniture line
• DiaMedica hits 200-patient mark in stroke trial, interim analysis due
• Scynexis completes Phase 1 IV study of antifungal SCY-247