regulatory
confidence high
sentiment negative
materiality 0.70
N2OFF receives Nasdaq bid price deficiency notice; 180-day cure period
Nexentis Technologies Inc.
- Nasdaq notified N2OFF that its stock (NITO) closed below $1.00 for 30 consecutive business days, violating Listing Rule 5450(a)(1).
- Compliance period runs until January 6, 2025; if bid price closes at $1.00 or more for 10 consecutive days, deficiency cured.
- If not cured, N2OFF may get an additional 180-day period if it meets market value of publicly held shares and intends a reverse stock split.
- Failure to regain compliance within allotted periods may result in delisting from Nasdaq Capital Market.
- Continued listing not immediately affected; stock remains traded under NITO symbol.