regulatory
confidence high
sentiment positive
materiality 0.50
Avalo Therapeutics regains Nasdaq compliance on market value standard; matter closed
Avalo Therapeutics, Inc.
- Received written confirmation from Nasdaq on Sept 3, 2024 that market value exceeded $35M for 10 consecutive trading days.
- Regains compliance with Nasdaq Listing Rule 5550(b)(2) (Market Value of Listed Securities Standard).
- Previously received notice on May 20, 2024 for non-compliance with Stockholders' Equity Requirement.
- Compliance regained resolves the deficiency; no further Nasdaq action required.