TwongStocks
Oct 2, 8:21 PM
$NRSN NeuroSense Provides Update on Nasdaq Listing Compliance
https://www.prnewswire.com/news-releases/neurosense-provides-update-on-nasdaq-listing-compliance-302897458.html
• Since NRSN did not regain compliance with the MVLS requirement by Sept 29, Nasdaq determined that NRSN will be delisted unless NRSN requests an appeal of the Staff Determination.
• Under Nasdaq's rules, a timely hearing request stays the suspension of the Company's securities and the filing of a Form 25-NSE.
• The Panel has discretion to grant an exception of up to 180 days from the date of the Staff Determination.
NRSN did regain compliance with the
$1 bid price rule. The only outstanding issue is the MVLS requirement (minimum MVLS of at least
$35M).
0 replies