regulatory
confidence high
sentiment negative
materiality 0.60
Eloxx receives Nasdaq deficiency notice for bid price below $1.00; 180-day cure period until July 5, 2022
Eloxx Pharmaceuticals, Inc.
- Closing bid price of common stock below $1.00 for 30 consecutive business days as of Jan 3, 2022.
- Company has until July 5, 2022 to regain compliance; may qualify for an additional 180-day grace period.
- Options to cure include a reverse stock split; no assurance of regaining compliance.
- Stock continues trading on Nasdaq Global Market under symbol ELOX during the cure period.