other material
confidence high
sentiment negative
materiality 0.80
CytoSorbents receives Nasdaq delisting notice for bid price below $1.00
Cytosorbents Corp
- Received Nasdaq notice on May 20, 2024 for non-compliance with Minimum Bid Price Requirement.
- Has 180 calendar days, until November 16, 2024, to regain compliance.
- To regain compliance, closing bid price must be $1.00 or more for 10 consecutive business days.
- If not compliant by deadline, Nasdaq will provide delisting notice; Company may appeal.
- Company intends to monitor and consider options, but no assurance of compliance.