RenX regains Nasdaq compliance

RenX said Nasdaq has closed its bid-price case after the company lifted its stock back above the exchange’s $1 minimum. (markets.businessinsider.com) Nasdaq notified RenX on April 10, 2026 that it had regained compliance with Listing Rule 5550(a)(2) after the stock met the $1 threshold for 10 consecutive business days from March 26 through April 9. RenX disclosed the notice on April 13 and said its shares will remain listed on the Nasdaq Capital Market under ticker RENX. (tradingview.com) The company had fallen out of compliance on January 26, 2026, when Nasdaq told RenX its stock had closed below $1 for 30 straight business days, from December 5, 2025 through January 20, 2026. That notice gave RenX 180 calendar days, until July 27, 2026, to fix the problem. (investing.com) For small-cap companies on the Nasdaq Capital Market, the $1 bid-price rule is a basic continued-listing test: stay below that level long enough, and the company risks a delisting process. Nasdaq’s rulebook sets the minimum bid price requirement in Rule 5550(a)(2). (listingcenter.nasdaq.com) RenX used a reverse stock split to get there. The company announced a 1-for-20 reverse split on March 24, and the shares began trading on a split-adjusted basis when Nasdaq opened on March 26. (ir.renxent.com) A reverse split reduces the number of shares outstanding and raises the per-share price without changing the company’s overall market value at that moment. RenX told investors the move was meant to restore compliance and make the stock price “more attractive” to a broader group of investors. (finance.yahoo.com) The compliance fix lands as RenX is trying to reposition itself. In its April 1 results release, the company described itself as a technology-driven environmental processing and sustainable materials business after acquiring Resource Group in June 2025. (ir.renxent.com) RenX’s announcement does not end the company’s broader challenge: keeping the stock above $1 and executing its 2026 operating plan. For now, though, the immediate Nasdaq deadline that had been hanging over the shares is gone. (markets.financialcontent.com)