Apr. 10 at 4:17 PM
$SCYX Nasdaq Rule 5810(c)(3)(A) and related provisions state that compliance is achieved by meeting the Bid Price Requirement (closing bid price ≥
$1.00) for a minimum of 10 consecutive business days during the compliance period (usually 180 calendar days, with possible extensions or a second period).
afslaw.com
Only the official closing bid price (typically at 4:00 p.m. ET) on each business day counts.
Intraday trading prices, opening prices, or temporary dips below
$1.00 during the trading day do not affect the count. The stock can trade below
$1.00 at any point during the day as long as the closing bid is ≥
$1.00.
If the closing bid is ≥
$1.00 for 10 straight business days, Nasdaq staff will generally confirm compliance in writing and close the matter.
