Ocean Biomedical, Inc. (OCEA): Nasdaq/NYSE listing notice — Ocean Biomedical receives Nasdaq delisting notice for low-priced stock rule; bid price <=$0.10 for 10 days

Ocean Biomedical, Inc.

Nasdaq notified Ocean Biomedical on March 14, 2025, that stock closed at $0.10 or less for 10 consecutive trading days.
This triggers the Low Priced Stocks Rule (Listing Rule 5810(c)(3)(A)(iii)), an additional basis for delisting.
Company already faced non-compliance with $1 minimum bid price (notified Dec 3, 2024); compliance period ends June 2, 2025.
Company must submit a letter to Nasdaq Hearings Panel by March 21, 2025, to address the new deficiency.
Panel will consider this matter in its decision on continued listing on Nasdaq Capital Market.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Ocean Biomedical, Inc. received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5810(c)(3)(A)(iii), 5550(a)(2)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: minimum bid price
Rules: 5810(c)(3)(A)(iii), 5550(a)(2)

Exact text from the filing

March 14, 2025, the Company received a notice from Nasdaq that Staff has determined that as of March 13, 2025, the Company’s securities had a closing bid price of $0.10 or less for ten consecutive trading days. Accordingly, the Company is subject to the provisions contemplated under Listing Rule 5810(c)(3)(A)(iii) (the “Low Priced Stocks Rule”). Accordingly, this matter serves as an additional basis for delisting the Company’s securities from The Nasdaq Stock Market 1 . Nasdaq Hearings Panel (the “Panel”) will consider this matter in their decision regarding the Company’s continued listing on

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Ocean Biomedical, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-011046

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