Mobilicom Ltd. ADR (MOB) has released an update.
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Mobilicom Ltd. ADR has announced that it is back in line with Nasdaq’s minimum bid price requirement, ensuring its American Depositary Shares remain listed on the Nasdaq Capital Market. The company had previously been notified of non-compliance due to its share price dipping below $1 for 30 consecutive days but has since achieved the necessary bid price for over 10 consecutive trading days. Mobilicom specializes in providing secure solutions for the drone and robotics industry and serves a global customer base, including major drone manufacturers.
For further insights into MOB stock, check out TipRanks’ Stock Analysis page.