regulatory
confidence high
sentiment negative
materiality 0.70
Amesite receives Nasdaq bid price non-compliance notice; launches CUNY professional learning portal
Amesite Inc.
- Received Nasdaq deficiency letter on March 8, 2022 for failure to maintain $1.00 minimum bid price over 30 consecutive business days.
- Has 180 days, until September 5, 2022, to regain compliance by closing at $1.00 or more for 10 consecutive business days.
- Announced contract with City University of New York to develop a branded professional learning portal; CUNY serves over 500,000 learners annually.
- No financial terms of the CUNY contract were disclosed in the press release.
- Stock continues trading on Nasdaq Capital Market under symbol AMST during the cure period.