Datavault hits Nasdaq deadline 68% below $1 as extension or delisting decision looms

Datavault AI reaches its Nasdaq minimum bid-price deadline on Aug. 24, with DVLT 68% below the exchange's $1 threshold and no disclosed decision on whether the company will receive more time or a delisting notice.

DVLT's last sale was $0.3186 on Aug. 21, according to Nasdaq's official quote feed. Nasdaq historical data showed every close/last reading from Aug. 7 through Aug. 21 below $1.

Datavault disclosed in a Feb. 27 filing that Nasdaq had given it until Aug. 24 to regain compliance, which requires a closing bid price of at least $1 for at least 10 consecutive business days.

With only Aug. 24 left in the window, the sub-$1 close/last reading on Aug. 21 left no practical route to complete a new 10-day closing-bid cure.

Nasdaq now decides whether Datavault gets more time

Under Nasdaq's compliance rules, a Capital Market issuer can receive another 180 days if it meets the applicable continued-listing test for market value of publicly held shares and every other initial listing standard except bid price.

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