Soluna Holdings (SLNH) announced that it has received notice from Nasdaq that the company has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550. To regain compliance with the listing rule, the company’s shares were required to maintain a minimum closing bid price of $1.00 for at least 10 consecutive business days, which was achieved on October 2. As a result, Nasdaq has closed the matter.
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