regulatory
confidence high
sentiment negative
materiality 0.75
Revelation Biosciences warns of delisting risk; stockholders' equity only $1.14M vs $2.5M minimum
REVELATION BIOSCIENCES, INC.
- Received Nasdaq letter on Aug 14, 2024, citing insufficient stockholders' equity of $1,140,421 vs required $2.5M.
- Also failed alternative listing standards (market value of listed securities ≥$35M or net income from continuing ops $500K).
- Company has 45 days to submit a plan to regain compliance; Nasdaq may grant up to 180-day extension.
- No immediate effect on trading; common stock and warrants continue trading under REVB and REVBW.
- Company intends to take reasonable measures but no assurance of extension or regaining compliance.