regulatory
confidence high
sentiment negative
materiality 0.75
Amarin receives Nasdaq deficiency notice over bid price below $1.00 for 30 days
AMARIN CORP PLCUK
- Nasdaq notified Amarin on May 24, 2024 that its ADS closing bid price has been below $1.00 for 30 consecutive business days.
- Company has 180 calendar days, until November 20, 2024, to regain compliance by closing at $1.00 or more for 10 consecutive business days.
- Failure by November 20 could lead to a second 180-day cure period if listing is transferred to Nasdaq Capital Market.
- Amarin's ADSs continue to trade on The Nasdaq Global Market under symbol AMRN; no immediate delisting effect.
- Company is evaluating options but cannot assure it will regain compliance with the Bid Price Requirement.