regulatory
confidence high
sentiment negative
materiality 0.90
Aditxt receives Nasdaq notice of non-compliance with minimum publicly held shares requirement
Aditxt, Inc.
- Nasdaq notified Aditxt on Sept 15, 2023 that it fails minimum 500,000 publicly held shares requirement (Rule 5550(a)(4)).
- Company previously received delisting determination for failing minimum bid price and stockholders' equity rules.
- Former Chief Legal Officer Matthew Shatzkes resigned; separation agreement amended to pay $91,560.16 by Sept 20, 2023.
- Nasdaq Panel will consider the new deficiency in its decision on continued listing.