other material
confidence high
sentiment negative
materiality 0.75
Minerva Neurosciences receives Nasdaq delisting notice for equity shortfall
Minerva Neurosciences, Inc.
- Notice received March 8, 2022: stockholders' equity in 2021 10-K fails Nasdaq Rule 5450(b)(1).
- Company has 45 days to submit a plan to regain compliance with the Rule.
- If plan accepted, Nasdaq may grant up to 180 days from notice date for evidence of compliance.
- If plan rejected or extension denied, Company may appeal to Nasdaq Hearings Panel.