Brenmiller Energy Ltd. Regains Compliance With Nasdaq Minimum Closing Bid Price Rule
Portfolio Pulse from Benzinga Newsdesk
Brenmiller Energy Ltd. (NASDAQ:BNRG), a provider of Thermal Energy Storage systems, has regained compliance with Nasdaq's minimum bid price rule. The company's shares maintained a closing bid price of $1.00 or more for 10 consecutive business days, satisfying Nasdaq Listing Rule 5550(a)(2). Nasdaq has closed the prior bid price deficiency matter.
December 20, 2023 | 1:13 pm
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Brenmiller Energy Ltd. has regained compliance with the Nasdaq minimum bid price requirement, closing the prior bid price deficiency issue.
Regaining compliance with Nasdaq's minimum bid price rule is a positive development for Brenmiller Energy, as it removes the immediate risk of delisting. This news is likely to be viewed positively by investors and could lead to increased investor confidence in the short term, potentially supporting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100