regulatory
confidence high
sentiment negative
materiality 0.60
Bolt Biotherapeutics receives Nasdaq bid price deficiency notice; 180 days to comply
Bolt Biotherapeutics, Inc.
- Avg closing price of common stock fell below $1.00 over prior 30 trading days as of July 1, 2024.
- 180-day grace period until Dec 30, 2024 to regain compliance by closing at $1.00+ for 10 consecutive business days.
- If not compliant, may qualify for an additional 180-day extension if other listing standards met.
- Company intends to monitor bid price and evaluate options including potential reverse stock split.
- Notice has no immediate effect on listing; stock continues trading on Nasdaq Global Select Market.