regulatory
confidence high
sentiment positive
materiality 0.75
Spruce Biosciences wins Nasdaq appeal; must regain bid price compliance by Aug 5
SPRUCE BIOSCIENCES, INC.
- Received Nasdaq delisting notice April 22, 2025; stock moved to OTC Pink on April 29, 2025.
- On June 9, 2025, Nasdaq Hearings Panel accepted appeal; stock may resume on Nasdaq Capital Market if compliance met by August 5, 2025.
- Panel retains jurisdiction until October 20, 2025; any future non-compliance must be reported to the panel.
- Company seeks stockholder approval for reverse stock split (1:50 to 1:100) at July 22, 2025 annual meeting to cure bid price deficiency.
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