Bridger Aerospace has received a Nasdaq warning after its common stock closed below the exchange’s $1 minimum bid-price requirement for 30 consecutive business days. The notice does not immediately affect trading: the shares continue to trade on the Nasdaq Global Market under the symbol BAER.
The company has until April 26, 2027, to restore compliance. Bridger says it will monitor the share price and may use available measures, including a reverse stock split if needed.
- To meet Nasdaq’s requirement, Bridger’s stock must close at or above $1 for at least 10 consecutive business days before the deadline. Nasdaq may use its discretion to require a longer period.
- If Bridger does not regain compliance within the allotted period, Nasdaq could move to delist the shares. The company would have the opportunity to appeal that decision, but there is no assurance an appeal would succeed.
- A reverse stock split is one option Bridger says it may consider. Such a split would reduce the number of shares outstanding and proportionally increase the share price, but the company has not said it will proceed with one.
- The warning concerns the company’s common stock. It remains listed and trading while Bridger works to meet the requirement.