Prairie Operating Co. (PROP) has received a notice from The Nasdaq Stock Market indicating that the company is not in compliance with the minimum bid price requirement for continued listing. The notice was issued because the closing bid price of the company's common stock remained below $1.00 per share for 30 consecutive business days. The company's stock listing is not immediately affected.
Key Details
- Non-Compliance Notice: Received on July 2, 2026, for violating the Nasdaq Listing Rule 5550(a)(2) minimum $1.00 bid price requirement.
- Compliance Period: The company has an initial period of 180 calendar days, until December 29, 2026, to regain compliance.
- Requirement to Regain Compliance: The stock's closing bid price must be at or above $1.00 per share for a minimum of ten consecutive business days within the compliance period.