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Englobal regains compliance with nasdaq minimum bid price requirement

Houston, tx / accesswire / december 19, 2023 / englobal corporation ("englobal" or the "company") (nasdaq:eng), a provider of innovative engineering project solutions for the energy industry, today announced that the company received notice from the nasdaq stock market, llc ("nasdaq"), dated december 15, 2023, informing englobal that it has regained compliance with the minimum bid price requirement as set forth under nasdaq listing rule 5550(a)(2) for continued listing on nasdaq. as previously disclosed, on december 21, 2022, nasdaq notified the company that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the nasdaq listing rules.
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