regulatory
confidence high
sentiment negative
materiality 0.65
Applied DNA Sciences receives Nasdaq deficiency notice for minimum bid price non-compliance
BNB PLUS CORP.
- Company's common stock closed below $1.00 for 31 consecutive business days from Sept 27 to Nov 11, 2024.
- Company has 180 calendar days until May 12, 2025 to regain compliance; needs $1.00 closing bid for 10 consecutive days.
- Company is obligated under a prior securities purchase agreement to effect a reverse stock split within 30 days of stockholder approval if compliance not regained.
- Company intends to implement a reverse stock split to remedy the bid price deficiency.