regulatory
confidence high
sentiment negative
materiality 0.85
Zyversa receives Nasdaq delisting notice for low bid price; will appeal
ZyVersa Therapeutics, Inc.
- Received Nasdaq letter on May 27, 2025 for non-compliance with $1.00 minimum bid price rule.
- Ineligible for cure period due to two reverse stock splits in past two years (1:35 Dec 2023, 1:10 Apr 2024).
- Unless appeal requested by June 3, 2025, securities face delisting on June 5, 2025.
- Company intends to appeal and request hearing, which will stay delisting pending panel decision.
- No assurance of regaining compliance with continued listing requirements.
item 3.01