regulatory
confidence high
sentiment negative
materiality 0.80
GT Biopharma receives Nasdaq deficiency notice for stockholders' equity below $2.5M minimum
GT Biopharma, Inc.
- Nasdaq letter on Nov 21, 2024: stockholders' equity fell below $2.5M required for continued listing.
- Company does not meet market value of listed securities or net income alternatives.
- Must submit compliance plan by Jan 6, 2025; Nasdaq may grant up to 180-day extension.
- If plan not accepted, Company may appeal to Nasdaq Hearings Panel.
- Stock continues trading under GTBP; no assurance of regaining compliance.