Fort Technology Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Requirement
Key Highlights
- ➤Fort Technology (FRTT) receives Nasdaq deficiency notice after 30-day bid-price breach
- ➤180-day compliance period runs through April 12, 2027
- ➤Shares must close at or above $1 for 10 consecutive business days
- ➤Nasdaq notification has no immediate effect on FRTT listing or trading
- ➤Additional 180-day period may be available, potentially involving a reverse split
Expert Statements
Gabi Kabazo, Chief Executive Officer of Fort Technology Inc.
“Fort intends to monitor the closing bid price of its common shares and will consider available options to regain compliance with the Nasdaq minimum bid price requirement within the prescribed compliance period.”
Toronto, Ontario, Oct. 16, 2026 (GLOBE NEWSWIRE) -- Fort Technology Inc. (Nasdaq: FRTT, TSXV: FORT) (“Fort” or the “Company”), today announced that on October 13, 2026, it received a written notification (the “Notification”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).
Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share. Based upon the closing bid price of the Company’s common shares for the last 30 consecutive business days, from August 31, 2026 through October 12, 2026, the Company no longer meets this requirement.
Get started
Create a free account to read the full story.