XTI Aerospace regains compliance with Nasdaq listing rules

XTI Aerospace (XTIA) announced that it has received formal notification from The Nasdaq Stock Market confirming that the company has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550. This notification follows XTI Aerospace’s recent efforts to address its non-compliance status, which was triggered when the company’s common stock failed to maintain a minimum bid price of $1.00 per share over the required consecutive 30-business-day period. Nasdaq’s confirmation acknowledges that the closing bid price of XTI Aerospace’s common stock has been at $1.00 per share or greater for more than 10 consecutive business days, as required to regain compliance.