regulatory
confidence high
sentiment negative
materiality 0.65
Cue Biopharma receives Nasdaq deficiency notice for bid price below $1.00
Cue Biopharma, Inc.
- Received Nasdaq notice on August 15, 2024 for failure to meet minimum bid price of $1.00 for 30 consecutive business days.
- Has 180 calendar days (until Feb 11, 2025) to regain compliance by having bid price ≥$1.00 for 10 consecutive business days.
- If not compliant, may qualify for another 180-day period, subject to meeting other listing standards.
- Company will evaluate options including potential reverse stock split to cure deficiency.
- No assurance of regaining compliance; stock remains listed pending cure or potential delisting appeal.