Under standard major exchange regulations such as those enforced by Nasdaq, a company's stock is typically given a grace period of 30 consecutive business days trading below the $1 minimum bid price threshold before receiving an official deficiency notice. Once the formal notification is issued, the company is generally granted an initial compliance period of 180 calendar days to resolve the deficit. To regain compliance naturally, the stock must maintain a closing bid price at or above $1 for a minimum of 10 consecutive trading sessions. If the company fails to meet this requirement within the timeframe, it may apply for an additional 180-day extension, which often requires executing corporate actions like a reverse stock split.