regulatory
confidence high
sentiment negative
materiality 0.65
BriaCell receives Nasdaq notice for failing $35M minimum MVLS requirement
BriaCell Therapeutics Corp.
- Received Nasdaq letter on July 3, 2024, for MVLS below $35M for 33 consecutive business days.
- Has until December 30, 2024 (180-day compliance period) to regain compliance.
- To regain compliance, MVLS must close at $35M+ for at least 10 consecutive business days.
- Failure could lead to delisting, with appeal rights to a Nasdaq Hearings Panel.
- Listing continues pending compliance; no immediate impact on trading.