regulatory
confidence high
sentiment negative
materiality 0.75
INTELLIGENT BIO SOLUTIONS INC. (INBS): Nasdaq/NYSE listing notice — Nasdaq deficiency letter for bid price non-compliance; 1-for-10 reverse stock split effected
INTELLIGENT BIO SOLUTIONS INC.
- Received Nasdaq deficiency letter on Dec 15 for closing bid price below $1 for 30 consecutive business days.
- Initial compliance period runs through June 15, 2026; cure if bid price ≥ $1 for 10 consecutive days.
- Filed and effected a 1-for-10 reverse stock split on Dec 15; split-adjusted trading began Dec 16.
- If non-compliant by June 15, may qualify for an additional 180-day period if meeting other listing standards.