regulatory
confidence high
sentiment negative
materiality 0.60
Oncology Institute, Inc. (TOI): Nasdaq/NYSE listing notice — Oncology Institute receives Nasdaq delisting warning over bid price below $1.00
Oncology Institute, Inc.
- Nasdaq notified TOI on Apr 25, 2023 of non-compliance with minimum bid price rule (5450(a)(2)).
- Company has 180 calendar days, until Oct 23, 2023, to regain compliance by closing at $1.00+ for 10 consecutive days.
- If not compliant by Oct 23, may qualify for an additional 180-day period if meeting other listing standards.
- Company may seek stockholder approval for a reverse stock split to cure deficiency.