other material
confidence high
sentiment positive
materiality 0.75
Tenax Therapeutics regains compliance with Nasdaq minimum bid price rule
TENAX THERAPEUTICS, INC.
- Received Nasdaq written confirmation on Jan 18, 2024, after 10 consecutive trading days (Jan 3-17) closing at $1.00 or greater.
- Originally notified of bid price deficiency on March 29, 2023; later granted extension through March 25, 2024.
- Compliance achieved ahead of extension deadline; delisting risk removed.
- Bid Price Rule (Nasdaq Listing Rule 5550(a)(2)) matter now closed.