Foremost Clean Energy (NASDAQ: FMST) has received a notification from Nasdaq on April 7, 2025, indicating non-compliance with the minimum bid price requirement. The company’s shares have traded below the required US$1.00 threshold for 31 consecutive business days from February 21 to April 4, 2025.
The company has been granted a 180-calendar day compliance period until October 6, 2025, to regain compliance by maintaining a closing bid price of at least US$1.00 for a minimum of ten consecutive business days. If unsuccessful, Foremost may be eligible for an additional 180-day grace period, provided it meets other listing requirements and maintains a market value of publicly held shares of US$1 million.
Management is evaluating options to address the deficiency, including the possibility of a reverse stock split. The notification does not immediately affect FMST’s Nasdaq listing…
