regulatory
confidence high
sentiment positive
materiality 0.50
Unicycive Therapeutics regains compliance with Nasdaq minimum market value requirement
Unicycive Therapeutics, Inc.
- Nasdaq confirmed compliance with Listing Rule 5550(b)(2) on Sept 24, 2024 after market value exceeded $35M for 10 consecutive days.
- Market value was above $35M from Sept 10 to Sept 23, 2024, regaining compliance.
- Company had previously received a non-compliance notice on July 11, 2024 for failing to meet the minimum market value.
- Removes immediate risk of delisting from Nasdaq Capital Market.