other material
confidence high
sentiment positive
materiality 0.70
Rapid Micro Biosystems regains Nasdaq minimum bid price compliance
RAPID MICRO BIOSYSTEMS, INC.
- Received Nasdaq deficiency notice on Sept 13 after bid price below $1 for 30 consecutive days (July 31-Sept 11).
- Given 180-day cure period until March 11, 2024 to regain compliance.
- Regained compliance after 10 consecutive business days (Sept 12-25) with closing bid price at or above $1.
- Nasdaq closed the matter on Sept 26, 2023; no further action required.