Callan JMB regains Nasdaq bid-price compliance
Callan JMB Inc. said Nasdaq confirmed on Aug. 14 that the company is back in compliance with the exchange’s $1 minimum bid-price rule.
Callan JMB Inc. said Nasdaq notified it on Aug. 14 that it had regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share.
The company said Nasdaq first notified it on June 29 that it was not meeting the rule based on the closing bid price of its common stock over the previous 30 consecutive business days. Callan JMB said it regained compliance after its common stock closed at $1.00 per share or higher for more than 10 consecutive business days.
Callan JMB said the matter is now closed, though it noted that it remains subject to Nasdaq Capital Market continued-listing requirements.
In its release, Callan JMB described itself as a diversified logistics, preparedness and critical-infrastructure company. It said it supports healthcare organizations, government agencies and commercial partners through fulfillment, warehousing, cold-chain logistics, monitoring, regulatory compliance and emergency-preparedness services. The company also said it is building a broader platform spanning healthcare and pharmaceutical logistics, domestic manufacturing, critical-infrastructure services and energy development.
The release included investor-relations and media contacts and a forward-looking statements disclaimer.
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