regulatory
confidence high
sentiment positive
materiality 0.60
ReWalk granted Nasdaq compliance extension to March 30, 2024 citing CMS rule catalyst
Lifeward Ltd.
- Panel extended bid price compliance deadline from Jan 31 to March 30, 2024.
- Must close at $1.00+ for 10 consecutive business days by March 30, 2024.
- Extension sought to allow CMS to finalize home health rule including exoskeletons in Medicare.
- Company may implement reverse stock split to maintain Nasdaq listing if needed.
- Risk of delisting remains if compliance not achieved by extended deadline.