regulatory
confidence high
sentiment neutral
materiality 0.50
CytoSorbents regains Nasdaq bid price compliance; MVLS delisting risk remains
Cytosorbents Corp
- Regained compliance with Nasdaq Rule 5550(a)(2) after closing bid price held ≥$1.00 for 10 sessions ending Sept 21, 2026.
- Still non-compliant with Rule 5550(b)(2) MVLS requirement: market value below $35M minimum; deadline Dec 28, 2026.
- Company evaluating options, including raising stockholders' equity to at least $2.5M, to satisfy MVLS before deadline.
- CEO reiterates priorities: operating cash flow breakeven in H2 2026, advancing DrugSorb-ATR toward FDA approval.
- No assurance of regaining MVLS compliance or maintaining Nasdaq listing.