regulatory
confidence high
sentiment negative
materiality 0.80
CNS Pharma faces Nasdaq delisting for bid price deficiency; hearing Nov 5
CNS Pharmaceuticals, Inc.
- Received Nasdaq notice on Sept 12, 2024, for failing minimum $1.00 bid price for 30 consecutive days.
- Ineligible for 180-day cure period due to reverse stock splits >250:1 cumulative ratio in prior two years.
- Hearing before Nasdaq Panel scheduled for Nov 5, 2024; automatically stays suspension or delisting pending hearing.
- No assurance that Panel will grant an additional compliance extension beyond the hearing date.