regulatory
confidence high
sentiment negative
materiality 0.65
Inovio receives 180-day Nasdaq extension for minimum bid; stock transferred to Capital Market
INOVIO PHARMACEUTICALS, INC.
- Extension to April 29, 2024 to achieve $1.00 closing bid for 10 consecutive days.
- Common stock transferred from Nasdaq Global Market to Capital Market effective Nov 2, 2023.
- Failure to comply by April 29 may lead to delisting; company may appeal the determination.
- Company will consider reverse stock split among options to regain compliance.