How did Datavault AI regain Nasdaq compliance after receiving a minimum bid price non-compliance letter on May 6, 2025?

How did Datavault AI regain Nasdaq compliance after receiving a minimum bid price non-compliance letter on May 6, 2025? AI+

Tufayel • 9 days ago • Datavault AI Inc. • Public •

US:DVLT

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AI+ Standard • 9 days ago

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Datavault AI Inc. (DVLT) regained compliance with the Nasdaq minimum bid price requirement by maintaining a closing bid price of at least $1.00 per share for ten consecutive trading days.1

On May 6, 2025, Datavault AI received a notification from Nasdaq indicating non-compliance with the minimum bid price rule (Nasdaq Listing Rule 5550(a)(2)), as its common stock had traded below $1.00 for 30 consecutive business days.2 The company was granted 180 calendar days, until November 3, 2025, to regain compliance.2

Datavault AI announced on October 10, 2025, that it had received official confirmation from Nasdaq that it was again in compliance.1 This was achieved because the company's common stock maintained a closing bid price of $1.00 or more per share for the period from September 26, 2025, to October 9, 2025.1

It is worth noting that Datavault AI had previously executed a 1-for-150 reverse stock split on April 12, 2024.2 While reverse stock splits are a common strategy to increase share price and meet listing requirements, the specific regain of compliance in October 2025 was attributed to the sustained trading above the $1.00 threshold.

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1October 10, 2025

2UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

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