regulatory
confidence high
sentiment negative
materiality 0.60
PAVmed Inc. (PAVM): Nasdaq/NYSE listing notice — PAVmed receives Nasdaq deficiency notice for bid price below $1 per share
PAVmed Inc.
- On Dec 29, 2022, Nasdaq notified PAVmed that its common stock bid price closed below $1 for 30 consecutive business days.
- Company has 180 calendar days, until June 27, 2023, to regain compliance by having stock close at $1 for 10 consecutive days.
- If not compliant by June 27, 2023, PAVmed may be eligible for an additional 180-day period to cure the deficiency.
- Nasdaq notice does not currently affect listing of PAVM common stock or PAVMZ warrants; they continue trading.
- Company intends to consider all available options to regain compliance with Nasdaq listing standards.