MetaVia Inc. (MTVA): Nasdaq/NYSE listing notice — NeuroBo gets 180-day Nasdaq bid-price extension to Feb 5, 2024; still below $1.00

MetaVia Inc.

Nasdaq granted 180-day extension to Feb 5, 2024 to regain $1.00 minimum bid price.
Stockholders approved reverse stock split (1:5 to 1:8) on June 28, 2023; board may implement.
If not compliant by Feb 5, 2024, Nasdaq will issue delisting notice; company can appeal.
Updated risk factors highlight potential delisting impact on liquidity and capital raising.

item 3.01 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

MetaVia Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

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

Exact text from the filing

February 8, 2023, NeuroBo Pharmaceuticals, Inc. (the “Company” ) received a letter (the “Notice” ) from the Listing Qualifications Department (the “Staff” ) of the Nasdaq Stock Market ( “Nasdaq” ) informing the Company that because the closing bid price for the Company’s common stock listed on Nasdaq was below $1.00 for 30 consecutive trading days, the Company is not in compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement” ). In accordance with Nasdaq Listing Rule

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6 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

MetaVia Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-013944

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