regulatory
confidence high
sentiment negative
materiality 0.50
TOMI gets Nasdaq extension to Oct 2, 2023 for bid price compliance
TOMI Environmental Solutions, Inc.
- Nasdaq granted additional 180 days until October 2, 2023 to regain $1.00 minimum bid price.
- Company received prior deficiency letter on Oct 7, 2022; bid price still below $1.00.
- If closing bid price is at least $1.00 for 10 consecutive days before deadline, compliance confirmed.
- Current Nasdaq listing not immediately affected; company may consider options to regain compliance.