Elutia regains compliance with Nasdaq board independence and market value standards; delisting appeal canceled

ELUTIA INC.

Received Nasdaq notice on Jan 9, 2024 confirming compliance with board independence rule (majority independent directors).
Previously regained compliance with market value standard (Rule 5550(b)(2)); all listing requirements now satisfied.
Scheduled hearing with Nasdaq Hearings Panel to appeal prior delisting determinations has been canceled.
Class A common stock continues to trade on Nasdaq Capital Market under symbol ELUT.

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