Avalanche Treasury regained Nasdaq's $1 minimum-share-price rule, and Nasdaq closed the issue. Its earlier 33-business-day stretch below $1 was a concern, but the recovery removes an immediate listing threat.
This removes an immediate risk of losing its Nasdaq listing over the share-price rule. AVAT had spent 33 business days below the $1 minimum, but Nasdaq says the issue is closed after 13 business days at or above $1.
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