Zentek Ltd. Achieves Nasdaq Compliance on Minimum Bid Price Requirement

Zentek Ltd., a company specializing in intellectual property development, has successfully regained compliance with Nasdaq Listing Rule 5550(a)(2). This achievement follows a notification from Nasdaq on December 3, 2024, confirming that the company's common stock has consistently traded above the required minimum bid price of US$1.00 per share for 11 consecutive business days.

This compliance restores Zentek's standing on the Nasdaq Capital Market, which mandates that securities maintain this minimum bid price to remain listed. Failure to meet this requirement over a 30-day period would result in listing deficiencies.

With this development, Zentek maintains its market position while continuing to focus on the commercialization of novel products using its technology platform, ZenGUARD™, located in Guelph, Ontario.