Neptune Wellness Solutions Inc.: Nasdaq/NYSE listing notice — Neptune Wellness delisted by Nasdaq; trading suspended March 7, seeks OTCQB listing

Neptune Wellness Solutions Inc.

Nasdaq Hearings Panel upheld delisting; Company failed minimum bid price ($1.00) and stockholders' equity ($2.5M) rules.
Trading of NEPT common stock suspended from Nasdaq Capital Market effective March 7, 2024.
Company seeks to transfer trading to OTCQB Venture Market.
Company can request review of Panel decision within 15 days (by March 20, 2024).

item 3.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Neptune Wellness Solutions Inc. received a nasdaq delisting notice notice regarding other.

Exchange: nasdaq
Notice: delisting notice

Exact text from the filing

March 5, 2024, Neptune Wellness Solutions Inc. (the “Company”) received a Staff Delisting Determination (the “Staff Determination”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC notifying the Company that trading of the Company’s common stock (the “Common Stock”) will be suspended from The Nasdaq Capital Market at the opening of business on March 7, 2024, and a Form 25-NSE will be filed with the Securities and Exchange Commission (the “SEC”), which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market. The Company has the righ

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Source: SEC EDGAR

accession 0001437749-24-006862

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