24H｜Nukkleus Shares Soar 41% in Overnight Trading After Regaining Nasdaq Compliance
Dow Jones01-17
Shares of Nukkleus surged after the company said it regained Nasdaq compliance and will continue to be listed and traded on the exchange.
The stock jumped 41%, to $29 in overnight trading. Shares ended the regular session 21% higher, at $20.53, putting them up 162% in the last year.
The fintech firm said Nasdaq canceled a hearing that had been scheduled for Jan. 21.
Nukkleus regained compliance after receiving notice in November that it was at risk of being delisted from Nasdaq. This notice came as it failed to maintain a minimum market value of publicly held shares of $15 million for 30 consecutive business days, as well as a minimum market value of $50 million for 30 consecutive business days.
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