regulatory
confidence high
sentiment negative
materiality 0.55
Precigen receives Nasdaq bid price deficiency notice; has until Apr 30, 2025 to regain compliance
PRECIGEN, INC.
- Stock closed below $1 for 30 consecutive business days; compliance deadline April 30, 2025.
- To regain compliance, bid price must close at $1+ for at least 10 consecutive business days.
- If not compliant by deadline, may qualify for additional 180-day period if transferred to Nasdaq Capital Market and meets other standards.
- Company may consider reverse stock split to cure deficiency; no assurance of compliance.