regulatory
confidence high
sentiment negative
materiality 0.85
Bone Biologics Corp (BBLG): Nasdaq/NYSE listing notice — Bone Biologics receives Nasdaq delisting notice; plans appeal and reverse stock split
Bone Biologics Corp
- Nasdaq notified BBLG on May 18, 2023 that its common stock and warrants are subject to delisting for failing to maintain $1.00 bid price.
- Company will request a hearing before Nasdaq Hearings Panel to appeal, which stays delisting pending decision.
- Stockholders approved a reverse stock split at ratio between 1:20 and 1:50 on May 1, 2023 to help regain bid price compliance.
- If delisted, company expects securities to trade on OTC Markets platform.