BloomZ Inc. Gets Second Nasdaq Bid Price Grace Period
Ticker: BLMZF · Form: 6-K · Filed: Jun 5, 2025 · CIK: 1984014
Sentiment: neutral
Topics: listing-compliance, bid-price, extension
TL;DR
BloomZ Inc. got another 6 months from Nasdaq to fix its stock price, deadline Dec 1, 2025.
AI Summary
BloomZ Inc. announced on June 5, 2025, that it has received a second 180-day grace period from Nasdaq to regain compliance with the minimum $1.00 bid price requirement. This new deadline is December 1, 2025. The company was initially notified of its non-compliance on December 2, 2024.
Why It Matters
This extension provides BloomZ Inc. with more time to address its low stock price, potentially avoiding delisting from the Nasdaq Capital Market.
Risk Assessment
Risk Level: medium — The company has been granted an extension, indicating it still faces challenges in meeting Nasdaq's minimum bid price requirement.
Key Numbers
- $1.00 — Minimum Bid Price (The threshold BloomZ Inc. must meet to remain listed on Nasdaq.)
- 180 days — Grace Period (The duration of the second extension granted by Nasdaq.)
- December 1, 2025 — New Compliance Deadline (The ultimate date by which BloomZ Inc. must meet the bid price requirement.)
Key Players & Entities
- BloomZ Inc. (company) — The company filing the report and receiving the grace period.
- Nasdaq (company) — The stock exchange that granted the grace period.
- $1.00 (dollar_amount) — The minimum bid price requirement for continued listing.
- June 5, 2025 (date) — Date the second grace period was granted.
- December 1, 2025 (date) — The new deadline for BloomZ Inc. to regain compliance.
- December 2, 2024 (date) — Date BloomZ Inc. was initially notified of non-compliance.
FAQ
What is the specific reason for BloomZ Inc.'s non-compliance with Nasdaq listing rules?
BloomZ Inc. is non-compliant with the minimum $1.00 per share bid price requirement for continued listing on The Nasdaq Capital Market.
When was BloomZ Inc. initially notified of its bid price deficiency?
The company was initially notified on December 2, 2024.
What is the new deadline for BloomZ Inc. to regain compliance with the bid price requirement?
The new deadline is December 1, 2025.
How many grace periods has Nasdaq granted BloomZ Inc. for bid price compliance?
Nasdaq has granted BloomZ Inc. a second 180-day grace period.
What is the Nasdaq Listing Rule cited for this bid price requirement?
The relevant rule is Nasdaq Listing Rule 5550(a)(2), and the extension is pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(ii).
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on June 5, 2025 regarding BloomZ Inc. (BLMZF).