Nasdaq issues ASX-listed Novonix warning over sub-$1 ADRs; 180 days to turn around

Australian-listed Novonix Ltd (ASX:NVX) has been slapped with a warning from the NASDAQ on Wall Street that its depositary receipts, trading now under US$1 each for over 10 business days in a row, fall foul of NASDAQ rules.Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.Novonix now has 180 days to turn the ship around, more or less, lest the company’s ADR’s be de-listed off the NASDAQ (though that wouldn ...