Zeo Energy Gets 180 More Days to Lift Stock Above $1 Nasdaq Minimum

What happened

Zeo Energy Corp. (Nasdaq: ZEO), a New Port Richey, Florida-based specialty contractor, said in an 8-K filed October 26, 2026, that it received a letter from Nasdaq's Listing Qualifications Staff on October 22 granting it an additional 180 calendar days to regain compliance with the minimum bid price rule.

The new deadline is April 19, 2027. Under Nasdaq Listing Rule 5550(a)(2), the company's Class A common stock must close at a bid price of at least $1.00 per share.

Zeo had been notified on April 23, 2026, that it was out of compliance, which started an initial 180-day period that ended October 20, 2026.

The company said the extension has no immediate effect on the listing or trading of its Class A common stock on the Nasdaq Capital Market. It said it will monitor its closing bid price and consider available options to regain compliance, and that there is no assurance it will do so within the extended period.

The stock closed at $0.263 on the event date, down 2.95% from the prior close of $0.271, according to the price data.

What this means

Nasdaq requires most stocks listed on its markets to trade at $1.00 or more. If a stock closes below that level for 30 consecutive business days, the exchange sends the company a notice, as it did with Zeo in April 2026. The company then has 180 calendar days to fix the problem. In Zeo's case, that first window ran out on October 20, 2026.

Nasdaq's rules allow a second 180-day period if the company meets other continued listing requirements, such as the minimum number of publicly held shares and the minimum market value of those shares. Zeo's 8-K says the staff granted the extra time; it does not detail which conditions the company met.

Compliance is reached when the stock closes at $1.00 or higher for at least 10 consecutive business days, though Nasdaq can extend that period. If the stock is still below $1.00 when the April 19, 2027, deadline arrives, Nasdaq would typically begin the process of removing the stock from its exchange, though the company could appeal to a hearings panel.

The 8-K, signed by CEO Timothy Bridgewater, is a current report under Item 3.01, which requires companies to disclose when they receive a delisting notice or fail a continued listing rule. It does not say why the stock is below $1.00.