Workhorse Group (WKHS) announced the receipt of a formal notification from The Nasdaq Stock Market that the Company has regained compliance with the minimum bid price of $1.00 per share, as required by Listing Rule 5550(a)(2). As previously disclosed, the Company received notice from Nasdaq on October 2, 2024 indicating that the closing bid price for Workhorse’s common stock had fallen below the minimum bid price for continued listing for 30 consecutive trading days and was no longer in compliance with the minimum bid requirement. To regain compliance, the Company was required to have a minimum closing bid price of at least $1.00 per share for ten consecutive trading days; Nasdaq confirmed yesterday that the Company is now in compliance with Listing Rule 5550(a)(2).
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