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Recon Technology Regains Compliance with Nasdaq Minimum Bid Price Requirement

  • Recon Technology, Ltd (NASDAQ: RCON) announced on September 18, 2026, that it regained compliance with Nasdaq's minimum bid price requirement under Listing Rule 5550(a)(2).
  • The company received a letter from Nasdaq on September 16, 2026, confirming the matter is closed after its Class A ordinary shares traded at $1.00 or greater for ten consecutive business days from September 1 to September 15, 2026.
  • Prior to this, the company had received a notification on May 4, 2026, regarding a failure to maintain a minimum bid price of $1.00 per share for 30 consecutive business days.
  • Recon Technology is a China-based provider of oilfield services, low-carbon energy services, & waste plastic chemical recycling operations.
  • The company is the first NASDAQ-listed non-state-owned oil & gas field service company in the People's Republic of China.
  • The press release includes standard forward-looking statement disclaimers regarding risks, uncertainties, & potential deviations from expected results.