ClearSign Technologies Regains Compliance with Nasdaq’s Minimum Bid Price Requirement

ClearSign Technologies Corporation, a company specializing in industrial combustion and sensing technologies, has recently regained compliance with the minimum bid price requirement set by the Nasdaq Stock Market. On December 6, 2024, the company received a notice from Nasdaq stating that its common stock had maintained a closing bid price at or above $1.00 per share for a minimum of 10 consecutive business days, thus meeting the listing rule criteria (Nasdaq Listing Rule 5550(a)(2)).

In response to the notice, ClearSign issued a press release on December 9, 2024, confirming the achievement of compliance. After facing a previous notification on May 2, 2024, wherein its common stock failed to meet the minimum bid price over the preceding 30 consecutive business days, ClearSign successfully maintained a closing bid price above $1.00 for ten consecutive business days as required. Consequently, the company is now in compliance with Nasdaq’s minimum bid price requirement, ensuring the continuity of its common stock listing on the exchange.

ClearSign Technologies Corporation specializes in designing and developing products and technologies aimed at decarbonization and enhancing the performance of industrial and commercial systems. Its patented technologies, integrated into OEM products like ClearSign Core™ and ClearSign Eye™, play a pivotal role in improving combustion systems, enhancing fuel safety, and addressing emission reduction across diverse markets including energy, boiler, chemical, transport, and power industries.

Despite this positive development, ClearSign Technologies remains prudent, highlighting in its press release the importance of forward-looking statements. Acknowledging the dynamic nature of its operating environment, the company emphasizes the need to consider various risks, uncertainties, and external factors that may impact future results and operational performance. ClearSign’s commitment to compliance, innovation, and market expansion remains central to its strategic objectives.

For further inquiries, investors can reach out to Matthew Selinger, representing Firm IR Group for ClearSign, at +1 415-572-8152 or via email at [email protected].

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read ClearSign Technologies’s 8K filing here.

About ClearSign Technologies

ClearSign Technologies Corporation designs and develops products and technologies to enhance emission and operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States, the People's Republic of China, and Hong Kong.