Moolec Science Receives NASDAQ Bid Price Letter

Moolec Science SA, listed on NASDAQ as MLEC, announced it has received a letter from NASDAQ regarding its bid price. For the past 30 consecutive business days, Moolec's shares have closed below the $1.00 minimum required for continued listing on The Nasdaq Capital Market.

The notice has no immediate effect on Moolec's current listing, and its shares will continue trading under the symbol MLEC. According to Rule 5810(c)(3)(A), the company has 180 calendar days, until March 10, 2025, to regain compliance by achieving a closing bid price of at least $1.00 for ten consecutive business days.

If compliance is not regained within this period, Moolec may apply for an additional 180 days. To qualify, it must meet listing standards except for the bid price requirement and notify NASDAQ of its plans to resolve the issue. Failure to comply could result in delisting. Moolec stated its commitment to rectifying the situation and is exploring options to ensure compliance.