regulatory
confidence high
sentiment negative
materiality 0.75
Healthcare Triangle receives Nasdaq bid price deficiency notice; stock below $1 for 30 days
Healthcare Triangle, Inc.
- Closing bid price below $1.00 for 30 consecutive business days; 180-day cure period ends Aug 25, 2025.
- Company may regain compliance by maintaining at least $1.00 closing bid for 10 consecutive days.
- Previous deficiencies: stockholders' equity below $2.5M (since Mar 2024); annual meeting not yet held.
- Nasdaq Hearings Panel granted conditional continued listing on Nov 4 & Dec 23, 2024; conditions not disclosed.
- 2024 Annual Meeting scheduled for Mar 28, 2025; proxy deadline for proposals is Mar 5, 2025.