regulatory
confidence high
sentiment negative
materiality 0.55
Ekso Bionics receives $700K from Parker-Hannifin; Nasdaq gives bid price deficiency notice
EKSO BIONICS HOLDINGS, INC.
- Received $700,000 from Parker-Hannifin in settlement of warranty obligations under Asset Purchase Agreement.
- Nasdaq notified Ekso that common stock bid price below $1.00 for 30 consecutive business days.
- Company has 180 days, until March 27, 2024, to regain compliance by closing at $1.00 for 10 consecutive days.
- If not compliant, may seek second 180-day period via reverse stock split or other cure.
- Notice has no immediate effect on listing; company intends to monitor and consider options.