Pacific Ethanol avoids NASDAQ delisting with stock price surge

In California, Pacific Ethanol received a letter from The NASDAQ Stock Market on November 29, which contained a NASDAQ compliance determination that the Company has regained compliance with NASDAQ Listing Rule 5550(a)(2), which requires that listed securities maintain a minimum closing bid price of $1.00 per share.

The company’s common stock has subsequently maintained a closing bid price of at least $1.00 per share for 10 consecutive trading days, enabling the Company to regain compliance with NASDAQ Listing Rule 5550(a)(2).