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Sunworks receives extension to regain Nasdaq compliance

Sunworks Inc. received an extension of an additional 180 calendar days, or until Sept. 16, from Nasdaq to regain compliance with the exchange's $1 minimum bid price listing requirement.

Roseville, Calif.-based Sunworks previously received notice Sept. 20, 2018, from Nasdaq that it was not in compliance with bid price requirements, and received a 180-day grace period, according to a March 21 release.

Sunworks plans to regain compliance by achieving a closing bid price of at least $1 per share for a minimum of 10 consecutive business days during the extension period or by effecting a reverse stock split if necessary.