regulatory
confidence high
sentiment positive
materiality 0.75
Cellectar regains Nasdaq compliance via $35M+ market value of listed securities
Cellectar Biosciences, Inc.
- Nasdaq notified Cellectar on Nov 21, 2023, that it meets the $35M minimum market value of listed securities under Rule 5550(b)(2), resolving the deficiency.
- Prior deficiency: stockholders' equity was $(467,000) as of June 30, 2023, below the $2.5M minimum required under Rule 5550(b)(1).
- The company had been at risk of delisting since August 16, 2023; compliance is now fully restored.