PolyPid Reports 180-Day Extension To Regain Compliance With Nasdaq Minimum Bid Requirement And Transfer Of Listing To Nasdaq Capital Market
Portfolio Pulse from Benzinga Newsdesk
PolyPid has received a 180-day extension to regain compliance with Nasdaq's minimum bid requirement and will transfer its listing to the Nasdaq Capital Market.

June 05, 2023 | 8:05 pm
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PolyPid has been granted a 180-day extension to regain compliance with Nasdaq's minimum bid requirement and will transfer its listing to the Nasdaq Capital Market.
PolyPid has been granted an extension to regain compliance with Nasdaq's minimum bid requirement, which may provide the company with additional time to improve its stock price. However, the short-term impact on the stock price is uncertain, as the company still needs to regain compliance. The transfer to the Nasdaq Capital Market may also have a neutral impact, as it does not directly affect the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100