VERU INC. (VERU): Nasdaq/NYSE listing notice — Veru receives Nasdaq deficiency notice for bid price below $1.00; 180-day cure period through July 23, 2024

VERU INC.

Nasdaq notified Veru on Jan 25, 2024 that its closing bid price was below $1.00 for 30 consecutive business days.
Company has until July 23, 2024 to regain compliance by closing at $1.00 or more for 10 consecutive trading days.
Failure to cure may qualify for an additional 180-day period if other listing standards are met and a reverse stock split is considered.
No immediate impact on trading; stock continues on Nasdaq Capital Market during the cure period.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

VERU INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

January 25, 2024, Veru Inc. (the “Company”) received notification from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the requirement to maintain a minimum closing bid price of $1.00 per share, as set forth in Nasdaq Listing Rule 5550(a)(2), because the closing bid price of the Company’s common stock (the “Common Stock”) was below $1.00 per share for 30 consecutive business days. The notification does not impact the listing of the Company’s Common Stock on the Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A

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Source: SEC EDGAR

accession 0001193125-24-016705

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