Jul. 25 at 5:10 AM
$REFR
Research Frontiers Incorporated (NASDAQ: REFR) is in jeopardy under Nasdaq Rule 5550(b) because it failed to maintain the minimum financial thresholds required for continued listing on The Nasdaq Capital Market.
On June 2, 2026, Nasdaq formally notified REFR that for 30 consecutive business days (April 20, 2026 – June 1, 2026), its Market Value of Listed Securities fell below the required
$35 million threshold.
No Alternative Cushion under (b)(1) or (b)(3): In the same deficiency notice, Nasdaq confirmed that REFR currently does not meet the alternative Stockholders' Equity standard (
$2.5M) or the Net Income standard (
$500K).
Compounding Issue (Rule 5550(a)(2)): Alongside the 5550(b) deficiency, REFR simultaneously failed the minimum bid price requirement, with its share price closing below
$1.00 for 30 consecutive business days (April 15, 2026 – June 1, 2026).
http://sec.gov
