04:28 PM EDT, 05/30/2025 (MT Newswires) -- FiEE ( MINM ) said Friday it has regained compliance with Nasdaq listing rules and will resume trading on the Nasdaq Capital Market on Monday.
FiEE ( MINM ) was warned last June that its stock was at risk of being delisted after the total value of all of the money invested in the Hong Kong-based firm fell below Nasdaq's $2.5 million minimum threshold. Then, on April 7, the company received a second letter from Nasdaq that it had also fallen out of compliance with rules requiring a majority of members on the FiEE ( MINM ) board to be independent directors.
The notification last month also said FiEE's ( MINM ) share price had fallen below Nasdaq's $1 minimum for more than 30 business days in a row.
The company met with Nasdaq qualifications staff on May 13 to show it had sold more than 2.4 million shares to investors last month, generating $4 million in gross proceeds and satisfying the minimum shareholders' equity requirement. FiEE ( MINM ) also retained an outside advisor to assist with resolving any other listing deficiency.
FiEE ( MINM ) shares soared 150% at OTC Markets, just ahead of Friday's closing bell at $4.85 apiece.