ClearSign Technologies Corporation (NASDAQ:CLIR) (“ClearSign” or the “Company”), an emerging leader in industrial combustion and sensing technologies that improve energy, operational efficiency and safety while dramatically reducing emissions, today announced that it has received notice from The Nasdaq Stock Market LLC (Nasdaq) on May 25, 2023 informing ClearSign that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market.
ClearSign was previously notified on November 1, 2022, that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Listing Rules of Nasdaq. In order to regain compliance with the rule, the Company was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days. This requirement was met on May 24, 2023, the tenth consecutive trading day above $1.00. Consequently, ClearSign is now in compliance with all applicable listing standards and its common stock will continue to be listed on The Nasdaq Capital Market.
