12:02 PM EST, 12/16/2024 (MT Newswires) -- Premium Catering ( PC ) said Monday that it received a notice from Nasdaq over its non-compliance with the exchange's minimum market value of listed securities of $35 million.

The company also said that it received a further notice indicating that its shares failed to keep a minimum bid price of $1 over the last 30 straight business days.

The firm said it has until June 9 to regain compliance with both requirements.

Premium Catering ( PC ) said it may consider implementing options, including a reverse stock split, to regain compliance.

The stock was down more than 2% in recent trading.

Price: 0.78, Change: -0.02, Percent Change: -2.54