Vast Renewables ( (VSTE) ) has provided an announcement.
On March 12, 2025, Vast Renewables Limited announced that it received two non-compliance notices from Nasdaq. The first notice, received on March 6, 2025, indicated that the company failed to meet the minimum Market Value of Listed Securities (MVLS) requirement of $35 million. The second notice, received on March 10, 2025, stated that the company did not comply with the minimum bid price requirement of $1 per share. These notices do not immediately affect the company’s listing, and Vast has until September 2025 to regain compliance. The company is exploring options to meet these requirements, but there is no assurance of timely compliance, which could lead to delisting.
More about Vast Renewables
Vast Renewables Limited is a renewable energy company specializing in concentrated solar thermal power (CSP) systems. These systems generate zero-carbon, utility-scale electricity and industrial process heat. Vast’s CSP v3.0 approach utilizes a proprietary, modular sodium loop to efficiently capture and convert solar heat into electricity, industrial heat, and green fuels. The company is headquartered in Australia and listed on Nasdaq under the ticker symbol ‘VSTE’ since December 2023.
YTD Price Performance: -58.76%
Average Trading Volume: 2,560,847
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $14.98M
Learn more about VSTE stock on TipRanks’ Stock Analysis page.
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