regulatory
confidence high
sentiment negative
materiality 0.65
Bio-Path gets Nasdaq extension to Sept 8 to meet $2.5M equity rule
BIO-PATH HOLDINGS, INC.
- Non-compliance with Nasdaq minimum stockholders' equity of $2.5M noted March 12, 2024.
- Compliance plan submitted April 26, 2024; extension granted June 12, 2024 through Sept 8, 2024.
- If not compliant by Sept 8, delisting subject to appeal to Nasdaq Hearings Panel.
- Company intends to pursue compliance but no assurance of success or appeal outcome.