Eastern International Ltd. Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
Eastern International Ltd. announced that on September 10, 2026 it received a letter from Nasdaq notifying the company that its closing bid price was below $1.00 for 30 consecutive trading days, meaning it no longer meets the Minimum Bid Price Requirement for continued listing under Nasdaq Marketplace Rule 5550(a)(2).
Why it matters — ELOG watchers would care because the company now faces a potential delisting risk from Nasdaq unless it regains compliance with the minimum bid price requirement.