regulatory
confidence high
sentiment negative
materiality 0.65
Biotricity receives Nasdaq bid price deficiency notice; 180-day cure period to Jan 22, 2025
BIOTRICITY INC.
- Closing bid price below $1.00 for 30 consecutive business days triggers Nasdaq Listing Rule 5550(a)(2) deficiency.
- Company has until January 22, 2025 to regain compliance with minimum $1.00 closing bid for 10 consecutive days.
- If non-compliant by Jan 22, may receive additional 180-day period to cure, subject to other listing standards.
- Biotricity intends to monitor bid price and consider available options, including a reverse stock split.
- No immediate impact on Nasdaq listing or trading of BTCY common stock.