other material
confidence high
sentiment negative
materiality 0.75
Sangamo receives Nasdaq deficiency notice for bid price below $1.00; 180 days to cure
SANGAMO THERAPEUTICS, INC
- On April 30, 2025, Nasdaq notified Sangamo that its stock closed below $1.00 for 30 consecutive business days.
- Company has until October 27, 2025 to regain compliance by closing at $1.00+ for 10 consecutive days.
- If not compliant, may qualify for a second 180-day period if other listing standards are met.
- Failure to cure could result in delisting from the Nasdaq Capital Market.
- Sangamo will monitor bid price and evaluate options including a reverse stock split.