regulatory
confidence high
sentiment positive
materiality 0.60
MyMD Pharmaceuticals regains Nasdaq minimum bid price compliance after reverse stock split
Q/C TECHNOLOGIES, INC.
- Received notice from Nasdaq on March 4, 2024 that it has regained compliance with Listing Rule 5550(a)(2).
- Deficiency flagged Oct 11, 2023 after shares failed to maintain $1.00 bid for 30 consecutive days.
- Conducted a 1-for-30 reverse stock split on Feb 14, 2024; split-adjusted trading began Feb 15.
- Minimum bid price of $1.00 maintained for 10 consecutive business days, requirement met on March 1, 2024.