Ocean Biomedical fails Nasdaq minimum bid price rule; given 180 days to comply

Ocean Biomedical, Inc.

Nasdaq notified Ocean Biomedical of non-compliance with minimum $1 bid price rule on Dec 3, 2024.
Closing bid price below $1 for 30 consecutive business days ended Dec 2, 2024.
Company has 180 days, until June 2, 2025, to regain compliance.
To regain compliance, bid price must close at $1 for 10 consecutive business days.
If not compliant by June 2, 2025, may be eligible for extra time or face delisting.

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