regulatory
confidence high
sentiment negative
materiality 0.85
Coeptis receives Nasdaq delisting notice for bid price non-compliance; plans to appeal
Z Squared Inc.
- Nasdaq notified Coeptis on July 30, 2024 of delisting for failing to maintain $1.00 minimum bid price.
- Company had until July 29, 2024 to regain compliance; did not meet $5M stockholders' equity for extension.
- Trading of COEP common stock will be suspended Aug 8 unless a hearing is requested by Aug 6.
- Coeptis intends to request a hearing and may pursue a reverse stock split to regain compliance.
- No assurance that appeal or reverse split will succeed or that listing will be maintained.