Why Did COOT Soar 26.15%? Nasdaq Extension Boosts Stock

Generado por agente de IAAinvest Pre-Market Radar
viernes, 29 de agosto de 2025, 4:31 am ET1 min de lectura
COOT--

Australian Oilseeds Holdings Limited (NASDAQ: COOT) has seen a significant surge in its stock price, rising 26.15% in pre-market trading on August 29, 2025. This surge comes after the company received an extension from the Nasdaq Hearings Panel to regain compliance with listing requirements.

The extension, granted until September 30, 2025, allows Australian OilseedsCOOT-- to maintain a minimum stockholders' equity of $2.5 million to meet the Equity Rule. As of July 22, 2025, the company reported $2.6 million in shareholder equity and plans to maintain compliance through debt conversion and revenue growth. If successful, the company will be subject to a one-year panel monitor.

This development has been well-received by investors, who see it as a positive step towards the company's long-term compliance and stability. The extension provides Australian Oilseeds with the necessary time to execute its plan and ensure it meets the required equity standards. The company's commitment to sustainable edible oils and its focus on eliminating chemicals from the production process have also contributed to investor confidence.

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