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New Fortress Energy receives Nasdaq notice for failing $1 minimum bid price rule

PUBT·05/07/2026 22:01:19
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New Fortress Energy receives Nasdaq notice for failing $1 minimum bid price rule
  • New Fortress Energy received Nasdaq notice May 1, 2026, flagging noncompliance with Global Market minimum bid price rule after shares closed below USD 1 for 30 consecutive trading days.
  • 180-day compliance window runs through Oct. 28, 2026; stock must close at or above USD 1 for at least 10 consecutive trading days to cure deficiency.
  • Delisting risk rises if compliance is not regained within deadline or any Nasdaq-granted extension.
  • Company plans to seek stockholder approval for a reverse stock split as part of effort to restore compliance.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Fortress Energy Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001749723-26-000045), on May 07, 2026, and is solely responsible for the information contained therein.