Jun. 26 at 9:13 PM
$HCWB One of the stipulations from NASDAQ was that HCWB could not become deficient with the bid price rule before Sept 22, otherwise it would be immediately delisted.
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001828673/000149315226026529/form8-k.htm
"The Panel also noted that if the Company becomes deficient with the Bid Price Rule prior to September 22, 2026, the Company will be immediately delisted. "
Even though HCWB reached over 20 days above
$1, the stock price kept falling closer and closer to
$1. I assume the board wanted to do another RS to ensure that the stock does not become non-compliant with the
$1 rule before Sept 22nd.
