regulatory
confidence high
sentiment negative
materiality 0.65
Lexicon gets Nasdaq 180-day extension to regain $1 bid; stock moves to Capital Market
LEXICON PHARMACEUTICALS, INC.
- Nasdaq granted additional 180-day period until Dec 30, 2025 for Lexicon to cure $1 bid price deficiency.
- Common stock will transfer from Nasdaq Global Select to Capital Market on July 7, 2025.
- Compliance requires closing bid ≥ $1 for ten consecutive business days during the extension period.
- Eligibility conditioned on meeting other listing requirements and intent to pursue reverse stock split if necessary.