11:01 AM EDT, 07/22/2024 (MT Newswires) -- Mobilicom ( MOB ) said Monday it has been informed by Nasdaq that it has regained compliance with the stock exchange's minimum bid price requirement.

The company said it's now in compliance with all applicable listing rules and its American depositary shares will keep trading on Nasdaq.

Mobilicom ( MOB ) had been notified by the stock exchange on June 25 that its ADSs had failed to keep a minimum bid price of $1 for 30 consecutive business days, the company said.

The company's shares were falling nearly 5% in recent trading.

Price: 1.07, Change: -0.05, Percent Change: -4.82