regulatory
confidence high
sentiment negative
materiality 0.65
Spruce Biosciences receives Nasdaq bid-price extension to April 21, 2025; moves to Capital Market
SPRUCE BIOSCIENCES, INC.
- Received Nasdaq extension until April 21, 2025 to meet $1.00 minimum bid price.
- Stock transfer from Nasdaq Global Select to Capital Market effective Oct 28, 2024.
- Must maintain closing bid >=$1.00 for 10 consecutive business days before deadline.
- May consider reverse stock split; failure to comply could lead to delisting.
- No immediate impact on listing; company intends to monitor bid price.