ScanTech (STAI) announced that the company received a letter from Nasdaq, indicating that for the 30 consecutive business days for the period of May 23 to July 8, the closing bid price of the company’s common stock has been below the minimum $1.00 per share requirement set forth in Nasdaq Listing Rule 5450(a)(1). This notice has no immediate effect on the listing or trading of the company’s common stock on Nasdaq.
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