regulatory
confidence high
sentiment negative
materiality 0.60
Biodesix receives Nasdaq deficiency notice for bid price below $1.00 per share
BIODESIX INC
- Nasdaq notified Biodesix on March 24, 2025 that bid price closed below $1.00 for 30 consecutive business days.
- Company has 180 calendar days, until September 22, 2025, to regain compliance with minimum bid price rule.
- To cure, closing bid price must be at least $1.00 for 10 consecutive business days before Compliance Date.
- If not cured by Sep 22, may be eligible for additional 180-day period on Nasdaq Capital Market if other standards met.
- Company may consider reverse stock split to increase bid price; no assurance of regaining compliance.