regulatory
confidence high
sentiment negative
materiality 0.75
Ocugen receives Nasdaq bid price deficiency notice; has until June 30, 2025 to cure
Ocugen, Inc.
- Nasdaq notified Ocugen on Dec 31, 2024, that its stock closed below $1.00 for 30 consecutive business days.
- Ocugen has 180 days, until June 30, 2025, to regain compliance by meeting $1.00 closing bid for 10 consecutive days.
- If not cured by June 30, 2025, Ocugen may qualify for a second 180-day period if it meets certain conditions.
- Ocugen intends to monitor the bid price and consider options but cannot assure compliance will be regained.
- The notice does not immediately affect listing or trading on the Nasdaq Capital Market.