regulatory
confidence high
sentiment negative
materiality 0.60
Eloxx receives Nasdaq extension to Oct 9, 2023 to meet $35M market value rule
Eloxx Pharmaceuticals, Inc.
- Nasdaq Hearings Panel extended compliance deadline for Listing Rule 5550(b)(2) from July 30 to October 9, 2023.
- Company must maintain at least $35 million market value of listed securities to avoid delisting.
- Extension follows a May 18, 2023 hearing and a July 27, 2023 request by Eloxx.
- Failure to regain compliance by October 9 could result in delisting from Nasdaq Capital Market.