regulatory
confidence high
sentiment positive
materiality 0.55
Mangoceuticals regains Nasdaq minimum bid price compliance after reverse stock split
MANGOCEUTICALS, INC.
- Received Nasdaq letter on Oct 30, 2024 confirming full compliance with Minimum Bid Price Requirement.
- 1-for-15 reverse stock split effective Oct 16, 2024 helped meet the $1.00 bid price threshold.
- Nasdaq determined closing bid price was at or above $1.00 for 10 consecutive business days.
- Compliance matter is now closed, removing delisting risk from Nasdaq Capital Market.