regulatory
confidence high
sentiment negative
materiality 0.65
Gain Therapeutics receives Nasdaq MVLS deficiency notice; must regain compliance by Jan 7, 2025
Gain Therapeutics, Inc.
- Nasdaq notified Gain on June 11, 2024, that MVLS was below $50M minimum required for Global Market listing.
- Company has 180 days (through Jan 7, 2025) to achieve MVLS >= $50M for ten consecutive business days.
- Failure to comply may lead to delisting; company could appeal or apply to transfer to Nasdaq Capital Market.
- Gain intends to monitor and take reasonable measures but cannot assure compliance.