regulatory
confidence high
sentiment negative
materiality 0.90
CERO Therapeutics receives Nasdaq delisting notice; stock price at $0.10 or less
CERO THERAPEUTICS HOLDINGS, INC.
- Nasdaq determined to delist CERO common stock due to closing bid price ≤$0.10 for 10 consecutive days.
- Company has until Oct 31, 2024 to appeal; hearing request will stay suspension pending panel decision.
- Company plans to propose reverse stock split at Nov 11 special meeting to regain compliance, but approval uncertain.
- Prior Bid Price Cure Period until Jan 15, 2025 is rendered unavailable by Low Priced Stocks Rule.