other material
confidence high
sentiment negative
materiality 0.75
Imunon, Inc. (IMNN): Nasdaq/NYSE listing notice — Imunon receives Nasdaq deficiency notice for bid price below $1.00 per share
Imunon, Inc.
- Received Nasdaq deficiency letter on Dec. 26, 2023; bid price closed below $1.00 for 30 consecutive business days.
- Given 180-day cure period until June 24, 2024; must have bid price >=$1.00 for 10 consecutive business days.
- If not compliant by June 24, 2024, may be eligible for second 180-day compliance period subject to other listing standards.
- Failure to cure could result in delisting; company may appeal any delisting determination.
- No immediate effect on listing; shares continue trading on Nasdaq Capital Market under IMNN.