regulatory
confidence high
sentiment negative
materiality 0.75
Nasdaq panel grants CNS Pharmaceuticals temporary exception until March 11, 2025 to meet bid price rule
CNS Pharmaceuticals, Inc.
- Company received Nasdaq deficiency notice on Sept 12, 2024 for bid price below $1.00 for 30 consecutive days.
- Not eligible for standard 180-day compliance period due to cumulative reverse stock splits of 250:1 or more in prior two years.
- After hearing, Nasdaq panel granted exception until March 11, 2025 to regain compliance.
- Panel reserves right to reconsider; Listing Council may review within 45 days.