regulatory
confidence high
sentiment negative
materiality 0.80
Iterum Therapeutics receives Nasdaq delisting notice for bid price below $1.00
Iterum Therapeutics plc
- Nasdaq notice for non-compliance with minimum bid price rule; shares traded below $1.00 for 30 consecutive business days.
- 180-day cure period expires February 23, 2026; must close at $1.00 for 10 consecutive business days to regain compliance.
- May qualify for an additional 180-day period if it meets other listing standards and intends to cure via reverse split.
- Failure to cure could lead to delisting; company will monitor options but no assurance of regaining compliance.
item 3.01