On June 13, Adverum Biotechnologies Inc Received Written From Nasdaq Stating That Co Has Regained Compliance With Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Adverum Biotechnologies Inc has regained compliance with Nasdaq's minimum bid price requirement as of June 13.
June 14, 2023 | 8:04 pm
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Adverum Biotechnologies has regained compliance with Nasdaq's minimum bid price requirement, potentially stabilizing its stock price.
Adverum Biotechnologies regaining compliance with Nasdaq's minimum bid price requirement indicates that the company's stock price has met the required threshold. This news is likely to have a positive impact on the stock price in the short term as it reduces the risk of delisting and may attract more investors.
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IMPORTANCE 75
RELEVANCE 100