other material
confidence high
sentiment negative
materiality 0.65
Amarin gets Nasdaq extension to May 19, 2025 for minimum bid price compliance; shares transfer to Capital Market
AMARIN CORP PLCUK
- Nasdaq granted 180-day extension until May 19, 2025 to meet $1.00 minimum bid price.
- ADS will transfer from Nasdaq Global Market to Capital Market effective Nov 26, 2024.
- Compliance achieved if closing bid price is at least $1.00 for 10 consecutive business days.
- Company considering options including a reverse stock split to remedy the deficiency.
- No guarantee of regaining compliance; delisting remains a possibility.