Australian Oilseeds shares surge 11.08% intraday after Nasdaq grants compliance extension.

Australian Oilseeds surged 11.08% intraday following the announcement that it was granted a Nasdaq extension to regain compliance with listing requirements, addressing prior delisting risks. The company also approved a reverse share split to elevate its stock price, signaling efforts to stabilize its market position. These developments alleviated investor concerns over potential delisting and demonstrated proactive measures to meet regulatory standards, driving immediate buying interest. The strategic actions align with the stock’s upward movement, reflecting renewed confidence in the firm’s ability to resolve compliance issues and maintain Nasdaq listing.