regulatory
confidence high
sentiment negative
materiality 0.85
SeaStar Medical receives Nasdaq delisting notice for failing minimum market value rule
SeaStar Medical Holding Corp
- Nasdaq notified SeaStar on Dec 24, 2024 that it failed to regain compliance with $35M minimum market value of listed securities.
- Securities (ICU, ICUCW) are subject to delisting from Nasdaq on Jan 3, 2025 unless Company appeals by Dec 31, 2024.
- Company intends to appeal delisting determination before Nasdaq Hearings Panel; appeal stays delisting pending outcome.
- SeaStar was previously notified of non-compliance on June 24, 2024 and has not regained compliance since.