regulatory
confidence high
sentiment neutral
materiality 0.65
Nasdaq panel grants Brainstorm Cell Therapeutics extension to June 30, 2025 to regain listing compliance
BRAINSTORM CELL THERAPEUTICS INC.
- Nasdaq Hearings Panel granted extension to June 30, 2025 to regain compliance with $35M minimum Market Value of Listed Securities.
- Company plans to meet $2.5M minimum stockholders' equity requirement as alternative to MVLS compliance.
- Extension conditioned on demonstrating compliance with Nasdaq Listing Rule 5550 and progress in capital raising.
- Company cannot assure success in raising capital or satisfying equity requirement by the extension date.
- Plan presented at February 25, 2025 hearing; capital raising activities are a key component.