regulatory
confidence high
sentiment negative
materiality 0.75
Plus Therapeutics receives Nasdaq delisting notice for bid price below $1.00
PLUS THERAPEUTICS, INC.
- Nasdaq notified Plus Therapeutics on May 16, 2025 of non-compliance with minimum bid price rule (closing bid < $1.00 for 30 consecutive days).
- Initial compliance period ends November 12, 2025; must close at $1.00+ for 10 consecutive business days.
- If not cured by Nov 12, may be eligible for additional 180-day period if meets other listing standards.
- Company will consider options including reverse stock split to regain compliance; no assurance of success.
- Potential delisting can be appealed; common stock continues trading on Nasdaq during process.
item 3.01