PowerBank Corporation Receives Additional 180-day Compliance Period from Nasdaq to Regain Compliance with Minimum Bid Price Requirement
Key Highlights
- ➤PowerBank (PBK) receives additional 180-day Nasdaq compliance period through March 28, 2027
- ➤$1.00 minimum closing bid required for 10 consecutive business days
- ➤Nasdaq approves transfer from Global Market to Capital Market, effective October 1, 2026
- ➤Insiders establish automatic disposition plan effective October 2, 2026
- ➤ASDP sales may include shares issued through equity compensation or fee settlements
PowerBank Corporation Receives Additional 180-day Compliance Period from Nasdaq to Regain Compliance with Minimum Bid Price Requirement PR Newswire
TORONTO, Oct. 1, 2026 /PRNewswire/ -- PowerBank Corporation (NASDAQ: PBK) (Cboe CA: PBK) (FSE: 103) ("PowerBank" or the "Company"), a vertically integrated independent North American energy company, today announced that it has received written notification from The Nasdaq Stock Market LLC ("Nasdaq") granting the Company an additional 180-day period, or until March 28, 2027, to regain compliance with Nasdaq's minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The Company satisfies the continued listing requirement for market value of publicly held shares and all other applicable listing requirements for initial listing on the Nasdaq Capital Market, except for the minimum bid price requirement.
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