regulatory
confidence high
sentiment neutral
materiality 0.55
Avalo regains Nasdaq minimum bid compliance; subject to 1-year panel monitor
Avalo Therapeutics, Inc.
- Received Nasdaq letter January 30, 2024 confirming compliance with $1.00 bid price rule.
- Reverse stock split on December 28, 2023 brought stock above $1.00 since December 29, 2023.
- Mandatory panel monitor for one year from January 30, 2024; no cure period if noncompliant again.
- If noncompliant during monitor, Nasdaq will issue delist letter; company can request hearing.
- Failure to satisfy panel could result in delisting from Nasdaq Capital Market.