regulatory
confidence high
sentiment negative
materiality 0.75
electroCore, Inc. (ECOR): Nasdaq/NYSE listing notice — ElectroCore receives Nasdaq delisting notice for bid price deficiency; seeks reverse stock split approval
electroCore, Inc.
- Received Nasdaq letter on Dec 20, 2022 for failing minimum $1 bid price for 10 consecutive trading days.
- Company will request a hearing; trading stays paused until hearing decision.
- Filed proxy for special meeting on Feb 13, 2023 to authorize reverse stock split.
- If hearing not requested by Dec 27, trading suspended Dec 29 and delisting proceeds.
- No assurance of continued listing; may trade on OTC Markets if delisted.