regulatory
confidence high
sentiment negative
materiality 0.75
Ensysce Biosciences receives Nasdaq deficiency notice for bid price below $1
Ensysce Biosciences, Inc.
- Received Nasdaq deficiency letter on Feb 25, 2026; bid price closed below $1 for 30 consecutive business days.
- Company has 180 days, until August 24, 2026, to regain compliance by closing at $1 for 10 consecutive days.
- If not compliant by Aug 24, Nasdaq may grant a second 180-day period if other listing standards met.
- Company intends to monitor bid price and evaluate options; trading on Nasdaq continues under ENSC.
- Failure to regain compliance could lead to delisting, impairing capital raising and market liquidity.