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- Delisting (new) — Company received formal Nasdaq notice of non-compliance with minimum $1.00 bid price requirement, triggering potential delisting process.
New Fortress Energy receives Nasdaq delisting notice, plans reverse stock split
Filed May 7, 2026 · Period ending May 1, 2026 · ~1 min read
Key Changes
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NFE received formal notice from Nasdaq on May 1, 2026 that its stock has traded below the required $1.00 minimum bid price for 30 consecutive trading days, violating listing requirements.
Item 3.01 verify on EDGAR → -
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Company has 180 days until October 28, 2026 to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive trading days or face delisting from Nasdaq.
Item 3.01 verify on EDGAR → -
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Management plans to seek shareholder approval for a reverse stock split to mechanically increase the per-share price and regain compliance, though this does not change underlying market value.
Item 3.01 verify on EDGAR → -
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Company warns there is no assurance it will successfully regain compliance with Nasdaq listing requirements despite planned remediation efforts.
Item 3.01 verify on EDGAR →
Summary
New Fortress Energy disclosed it received a deficiency notice from Nasdaq after its stock traded below $1.00 for 30 consecutive trading days, violating exchange listing requirements. The company has until October 28, 2026 to regain compliance by maintaining a bid price above $1.00 for at least 10 consecutive trading days.
Management intends to pursue a reverse stock split, which would consolidate shares to mechanically boost the per-share price, though this requires shareholder approval and doesn't change the company's fundamental value or market capitalization. For retail investors, this notice signals significant financial distress and raises questions about the company's business trajectory.
While the stock won't be immediately delisted, failure to regain compliance could force a move to over-the-counter markets, dramatically reducing liquidity and institutional ownership. The company's own warning that success is not assured underscores the severity of its situation. Watch for: the upcoming shareholder vote on the reverse split and whether the stock can sustain a price above $1.00 in coming months. If the company fails to regain compliance, delisting would be a major negative catalyst for remaining shareholders.
Section-by-Section Diff
Event · Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule
Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On May 1, 2026, New Fortress Energy Inc. (the “Company”) received written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that, based on the closing bid price of the Company’s Class A common stock, par value $0.01 per share (the “Common Stock”), for the last 30 consecutive trading days, the Company no longer complies with the minimum bid price requirement for continued listing on The Nasdaq Global Market.
New Fortress Energy received formal notice from Nasdaq that its stock has traded below the required $1.00 minimum bid price for 30 consecutive trading days. This violates Nasdaq Listing Rule 5450(a)(1) and triggers a compliance review process. The notice itself does not immediately delist the stock but starts a formal remediation period.
Added in current filing · verify on EDGAR →
Although the Company is taking definitive steps to regain compliance with the applicable rules, there can be no assurance that the Company will be successful in its effort to regain compliance with the Nasdaq listing rules.
The company explicitly warns that despite planned actions including the reverse split, there is no guarantee it will successfully regain compliance with Nasdaq listing requirements. This disclosure acknowledges material uncertainty about the company's ability to maintain its exchange listing.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 8, 2026 · How we verify