regulatory
confidence high
sentiment negative
materiality 0.75
Neuronetics gets Nasdaq deficiency notice for bid price below $1.00; 180-day cure period
Neuronetics, Inc.
- Received Nasdaq letter on Oct 3, 2024; stock closed below $1.00 for 30 consecutive business days.
- Must regain compliance by April 1, 2025; cure by closing at $1.00+ for 10 consecutive business days.
- If not cured, may transfer to Nasdaq Capital Market for second 180-day compliance period.
- Company considering available options, including a reverse stock split, to regain compliance.