regulatory
confidence high
sentiment negative
materiality 0.80
Nasdaq Panel to delist biote Corp. on July 20; company plans appeal and OTC Pink Market trading
biote Corp.
- Nasdaq Panel determined to delist BTMD Class A common stock and warrants for non-compliance with Round Lot Holder and Market Value of Unrestricted Publicly Held Shares requirements.
- Trading suspended effective July 20, 2022; company expects to trade on OTC Pink Market pending appeal.
- Company believes it will meet both listing requirements by July 19 and intends to appeal to Nasdaq Listing and Hearing Review Council.