regulatory
confidence high
sentiment negative
materiality 0.75
Nutex Health receives Nasdaq exception until July 22 to effect reverse stock split and regain $1 bid price
Nutex Health Inc.
- Nasdaq Hearings Panel granted Nutex exception until July 22, 2024 to execute reverse split and regain $1.00 minimum bid.
- Stockholders approved reverse stock split (1-for-2 to 1-for-16); board to set exact ratio within one year.
- Company had already done a 1-for-15 reverse split in April 2024 but still not compliant; delisting if not cured by July 22.
- Annual meeting also elected all director nominees, approved executive compensation, and ratified Marcum LLP as auditor for FY2024.