regulatory
confidence high
sentiment negative
materiality 0.70
Galera Therapeutics receives Nasdaq delisting notice for failure to meet $50M MVLS requirement
Galera Therapeutics, Inc.
- Received Nasdaq notice on June 8, 2022 for non-compliance with minimum Market Value of Listed Securities of $50M.
- Has 180 days, until December 5, 2022, to regain compliance by closing at $50M+ for 10 consecutive business days.
- Stock continues trading on Nasdaq Global Market under symbol GRTX; may consider transfer to Nasdaq Capital Market.
- No assurance of regaining compliance; failure may lead to delisting subject to appeal.