regulatory
confidence high
sentiment negative
materiality 0.70
Venus Concept Inc.: Nasdaq/NYSE listing notice — Venus Concept receives Nasdaq deficiency notice for equity below $2.5M minimum
Venus Concept Inc.
- Nasdaq notified Venus Concept on May 31, 2023 that its stockholders' equity was below the $2,500,000 minimum required under Listing Rule 5550(b)(1).
- The notice is based on the Company's Form 10-Q for the quarter ended March 31, 2023.
- The Company has 45 calendar days to submit a plan to regain compliance with the Minimum Equity Requirement.
- If accepted, Nasdaq may grant an extension of up to 180 calendar days from May 31, 2023 to regain compliance.
- No immediate effect on the listing of Venus Concept's common stock on Nasdaq.