other material
confidence high
sentiment negative
materiality 0.75
Nasdaq grants Vivos extension to March 19, 2024 for equity compliance; delisting risk persists
Vivos Therapeutics, Inc.
- Regained minimum bid price compliance on Nov 9, 2023 after 1-for-25 reverse stock split.
- Nasdaq Panel granted extension until March 19, 2024 to meet $2.5M minimum stockholders' equity requirement.
- Company raised ~$4M in private placement but warns additional capital may be needed; failure risks delisting.
- Must provide compliance update by Jan 31, 2024; non-compliance could restart delisting proceedings.