Alpha Compute Regains Nasdaq Compliance After Reverse Split
ALP sits 68% above its 52-week low of $3.204.
Summary
Alpha Compute has regained compliance with Nasdaq's minimum bid price rule after its stock traded at or above $1.00 for 11 consecutive business days following the 1-for-50 reverse split. This closes the listing deficiency that had been outstanding since March 2026. The company had received an extension until March 2027, so this resolution comes well ahead of the deadline. The reverse split and insider buying in September set the stage for this outcome. The matter is now closed, removing a key overhang for the stock.
At the time of this announcement, ALP was trading at $5.39 on NASDAQ in the Technology sector, with a market capitalization of approximately $8.7M. The 52-week trading range was $3.20 to $690.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.