regulatory
confidence high
sentiment negative
materiality 0.50
Cryo-Cell receives Nasdaq notice for audit committee non-compliance; cure period until Sept 2022
CRYO CELL INTERNATIONAL INC
- Nasdaq notified that audit committee has only 2 independent members, needs 3 per Rule 5605.
- Cure period: earlier of next annual meeting or September 20, 2022 (or March 21, 2022 if meeting before that).
- Company must submit documentation evidencing compliance by the cure deadline.
- Cryo-Cell states it is working diligently to regain compliance within the cure period.