regulatory
confidence high
sentiment negative
materiality 0.75
Health In Tech receives Nasdaq bid-price deficiency notice; 180 days to cure
Health In Tech, Inc.
- On April 28, 2025, Nasdaq notified Health In Tech that its Class A common stock (HIT) failed to maintain minimum $1.00 bid price for 30 consecutive business days.
- Company has until October 27, 2025 to regain compliance by closing at $1.00+ for 10 consecutive business days.
- If not cured, the company may seek an additional 180-day extension by meeting other listing standards and providing a plan (e.g., reverse stock split).
- No immediate effect on listing or trading; stock continues to trade on Nasdaq Capital Market.