regulatory
confidence high
sentiment negative
materiality 0.85
Applied DNA Sciences receives Nasdaq delisting notice for bid price deficiency; requests hearing
BNB PLUS CORP.
- Nasdaq notified APDN on May 30, 2025 that bid price closed below $1.00 for 32 consecutive business days, violating Listing Rule 5550(a)(2).
- APDN executed a 1-for-15 reverse stock split on June 2, 2025 to address deficiency, but is ineligible for a compliance period due to prior reverse splits.
- Company timely requested a hearing before Nasdaq Hearings Panel on June 6, 2025, which stays any suspension or delisting pending outcome.
- No assurance that the Panel will grant continued listing; shares remain at risk of delisting.
item 3.01