04:19 AM EDT, 04/29/2025 (MT Newswires) -- NextPlat ( NXPL ) said late Monday it received a notice from Nasdaq for non-compliance with the minimum bid price rule, as its common shares have closed below $1 for 30 consecutive business days.

The company said it has until Oct. 27 to regain compliance by maintaining a closing bid price of at least $1 for 10 consecutive business days. Failing to do so, it may qualify for a second 180-day extension, subject to meeting other Nasdaq listing requirements and notifying the exchange of its plans to resolve the issue.

NextPlat ( NXPL ) said it will monitor its stock price and evaluate potential options to regain compliance.