Opendoor Meets Nasdaq Minimum Bid Price Requirement, Cancels Special Stockholder Meeting

In the stock market, rules are strict, and missing them can cost a company its place. One such rule is the Nasdaq minimum bid price rule. It says that a company’s stock must trade above $1 for at least 30 days in a row. If not, the company risks being kicked off the exchange. Opendoor, a tech-driven real estate company, was facing trouble recently when its stock price fell under $1, risking its place on the Nasdaq. Now, the company has regained compliance.