regulatory
confidence high
sentiment negative
materiality 0.75
Carmell receives Nasdaq deficiency notice for bid price below $1; 180 days to cure
Longevity Health Holdings, Inc.
- Nasdaq notified Carmell on Sept 30, 2024 that its common stock failed to maintain minimum $1 bid price for 31 consecutive business days.
- Company has until March 31, 2025 to regain compliance; closing bid price must be $1 for at least 10 consecutive days.
- If not cured, Nasdaq may grant an additional 180-day period if other listing standards are met.
- No immediate impact on trading of common stock (CTCX) or warrants (CTCXW); company evaluating options.
- There is no assurance that Carmell will be able to regain compliance with the Minimum Bid Price Requirement.