regulatory
confidence high
sentiment negative
materiality 0.70
Evofem receives OTCQB delisting notice for bid price below $0.01
Evofem Biosciences, Inc.
- Received OTC Markets notice on Aug 28, 2024 for bid price below $0.01 for 30 consecutive trading days.
- Has 90-day compliance period until Nov 26, 2024 to regain minimum bid price requirement.
- Compliance can be met if bid price is at least $0.01 for 10 consecutive trading days.
- Failure to comply by Nov 26 will result in removal of common stock from OTCQB.
- Company will monitor and consider available options; no assurance of regaining compliance.