Ayala Pharmaceuticals, Inc.: Nasdaq/NYSE listing notice — Ayala Pharmaceuticals receives Nasdaq deficiency notices for equity <$10M and bid price below $1.00

November 10, 2022, Ayala Pharmaceuticals, Inc. (the “Company”) received written notice (the “Equity Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the Company’s stockholders’ equity as reported in its Quarterly Report on Form 10-Q for the period ended September 30, 2022 (the “Form 10-Q”), did not satisfy the continued listing requirement under Nasdaq Listing Rule 5450(b)(1)(A) for the Nasdaq Global Market, which requires that a listed company’s stockholders’ equity be at least $10 million. As reported on its Form 10-Q, the Company’s stockholders’ equity as of S

November 16, 2022, the Company received written notice (the “Bid Price Notice” and, together with the Equity Notice, the “Notices”) from Nasdaq notifying the Company that, for the last 30 consecutive business days, the bid price for the Company’s common stock had closed below the $1.00 per share minimum bid price requirement for continued inclusion on the Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Bid Price Requirement”). The Notices have no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Global Market and the Company’s common s