Zentek Ltd. Receives Extension for Nasdaq Compliance

Zentek Ltd., a Canadian company, announced it has obtained a 180-day extension from Nasdaq to meet the exchange's minimum bid price requirement. Originally given until February 23, 2026, Zentek now has until August 24, 2026, to comply with the rule mandating a minimum bid price of $1.00 per share.

Currently, Zentek’s shares will continue to trade on the Nasdaq under the symbol "ZTEK" without immediate impact on listing or trading conditions. To achieve compliance, Zentek must sustain a closing bid price of at least $1.00 for ten consecutive business days by the deadline.

Zentek's management is prepared to actively monitor the shares' bid price, considering various options to align with Nasdaq's requirements. The strategic focus remains on maintaining market standards to continue trading.