regulatory
confidence high
sentiment negative
materiality 0.60
Vaxart receives second 180-day Nasdaq extension to cure bid price deficiency until June 30, 2025
Vaxart, Inc.
- Nasdaq notified Vaxart on Dec 31, 2024 of an additional 180-day compliance period to meet the $1.00 minimum bid price requirement.
- Extension moves the cure deadline from Dec 30, 2024 to June 30, 2025.
- Company is considering a reverse stock split as a potential cure for the deficiency.
- If not compliant by June 30, 2025, Nasdaq will issue a delisting notice; Vaxart may appeal.