regulatory
confidence high
sentiment negative
materiality 0.65
Rani Therapeutics receives Nasdaq bid price deficiency notice; 180-day cure ends Dec 17
Rani Therapeutics Holdings, Inc.
- Received Nasdaq notice on June 20, 2025 for non-compliance with $1.00 minimum bid price (30 consecutive business days below $1.00).
- Must regain compliance by December 17, 2025 by maintaining a closing bid price of at least $1.00 for 10 consecutive business days.
- If not cured, may transfer to Nasdaq Capital Market for an additional 180-day period, subject to meeting other initial listing standards.
- Company will monitor bid price and consider options, including a potential reverse stock split.
- No assurance that the company will regain compliance or that Nasdaq will grant an extension.
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