Primech Holdings Granted Nasdaq Extension to Meet Bid Price

Primech Holdings Ltd. (PMEC) has released an update.

Primech Holdings Ltd. has been granted an additional 180-day extension by Nasdaq to meet the minimum $1 bid price requirement for its shares, following a previous notification of non-compliance. The company can regain compliance if its share price closes at or above $1 for at least 10 consecutive trading days before May 12, 2025. Primech aims to resolve this issue, potentially through a reverse share split, ensuring continued trading under the symbol ‘PMEC’.

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