regulatory
confidence high
sentiment negative
materiality 0.70
RELMADA THERAPEUTICS, INC. (RLMD): Nasdaq/NYSE listing notice — Relmada Therapeutics receives Nasdaq deficiency notice for bid price below $1; 180-day cure period
RELMADA THERAPEUTICS, INC.
- Received Nasdaq notice on Jan 21, 2025, for failing minimum bid price of $1.00 for 30 consecutive business days through Jan 17, 2025.
- Has until July 21, 2025 (180-day Compliance Period) to regain compliance by closing bid at $1 for at least 10 consecutive days.
- May implement reverse stock split to meet bid price requirement; must complete split no later than 10 business days before deadline.
- Also considering transfer of listing to Nasdaq Capital Market if unable to regain compliance on Global Market.
- Listing not immediately affected; company intends to monitor and take measures to regain compliance.