regulatory
confidence high
sentiment negative
materiality 0.70
Vaccinex receives Nasdaq delisting notice for bid price below $1.00
VACCINEX, INC.
- Nasdaq letter on Oct 10, 2022: common stock bid price below $1.00 for 30 consecutive days through Oct 7.
- Company has 180 days (until April 10, 2023) to regain compliance by closing at $1.00+ for 10 business days.
- If not cured, may seek second 180-day period if meeting other listing standards; otherwise delisting risk.
- Company to monitor bid price and evaluate options including reverse stock split to cure.
- No immediate effect on listing; appeal rights exist if delisting notice issued.