What specific Nasdaq listing requirement did New Fortress Energy fail to meet, and what is its deadline to regain compliance?

New Fortress Energy failed to meet Nasdaq's minimum bid price requirement of $1.00 per share, as its stock has traded below that threshold since March 19 and closed at 73 cents on the day of the notice. The company has 180 days — until October 28, 2026 — to achieve a closing share price of at least $1.00 for a minimum of 10 consecutive trading days to regain compliance; otherwise, it will be delisted.

What actions has New Fortress Energy indicated it may take to address the Nasdaq noncompliance, and what broader financial restructuring is it pursuing?

To regain compliance, New Fortress Energy stated it will evaluate all available options, including a reverse split of outstanding shares. Separately, as part of a broader restructuring deal with creditors aimed at reducing its debt burden, the company announced earlier this year that it would separate its Brazilian operations into a standalone company.

New Fortress Energy faces Nasdaq warning over share price

May 7, 2026

New Fortress Energy received a Nasdaq deficiency notice due to its share price falling below $1 amid severe liquidity and debt issues. The LNG developer has 180 days to regain compliance or face delisting while considering a reverse split.

reuters

2026-05-07

New Fortress Energy faces Nasdaq warning over share price

2026-05-14

New Fortress Energy Takes $6.5 Billion Debt Plan to London Court

2026-06-18

New Fortress Energy secures UK court approval for restructuring plan

2026-09-11

New Fortress completes restructuring, cuts debt to $700 million

New Fortress Energy faces Nasdaq warning over share price

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