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Securities law

New Era Helium Inc. Faces Delisting from Nasdaq Due to Market Value and Minimum Bid Price Requirements

Strategic Insights

— 1 min read

New Era Helium Inc., a Nevada-based corporation, received notification from the Nasdaq Stock Market LLC on May 16, 2025, that its securities may be delisted due to failure to meet the requirements of Nasdaq Listing Rule 5450(b)(2)(C) and the Minimum Bid Price Requirement. The company's market value of publicly held shares has been below the required $15,000,000 for a 30-day period, and the closing bid price of its common stock has consistently closed below the minimum $1.00 per share required for continued listing on the Global Market tier of Nasdaq. New Era Helium Inc. has been granted a compliance period of 180 calendar days, or until November 12, 2025, to regain compliance with the requirements. If the company fails to meet the requirements during this period, its securities may be subject to delisting.

Key Takeaways:

  • New Era Helium Inc. received notification from Nasdaq that its securities may be delisted due to failure to meet the requirements of Nasdaq Listing Rule 5450(b)(2)(C) and the Minimum Bid Price Requirement.
  • The company's market value of publicly held shares has been below the required $15,000,000 for a 30-day period, and the closing bid price of its common stock has consistently closed below the minimum $1.00 per share required for continued listing on the Global Market tier of Nasdaq.
  • New Era Helium Inc. has been granted a compliance period of 180 calendar days, or until November 12, 2025, to regain compliance with the requirements.
  • If the company fails to meet the requirements during this period, its securities may be subject to delisting.
  • The company's Chief Executive Officer, E. Will Gray II, stated that the company is working diligently to regain compliance with Nasdaq's listing rules.
  • New Era Helium Inc. intends to monitor the closing bid price of its common stock and will consider various options available to it if its common stock does not trade at a level to regain compliance with the Minimum Bid Price Requirement.

Statistics:

  • Market value of publicly held shares: $
  • Closing bid price of common stock: $
  • Compliance period: 180 calendar days, or until November 12, 2025
  • Required minimum bid price: $1.00 per share

Sources:

  • "FORM 8-K CURRENT REPORT" by New Era Helium Inc. (May 16, 2025)
  • Nasdaq Listing Rule 5450(b)(2)(C)
  • Nasdaq Listing Rule 5810(b)

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