regulatory
confidence high
sentiment negative
materiality 0.75
Valion Bio, Inc. (VBIO): Nasdaq/NYSE listing notice — Tivic Health receives Nasdaq delisting notice; hearing requested, reverse split proposed
Valion Bio, Inc.
- Nasdaq notified Tivic on Dec 27, 2024 it failed to regain $1.00 bid price compliance and is ineligible for a second 180-day period due to equity deficiency.
- Company requested a hearing on Jan 3, 2025, which automatically stays any suspension or delisting pending the hearing and Panel decision.
- Special stockholder meeting set for Jan 31, 2025 to vote on reverse stock split (ratio 1:2 to 1:30) to regain bid price compliance.
- No assurance that the company will regain compliance or that the Nasdaq Panel will grant continued listing.