Tiziana Life Sciences Ltd. Receives Nasdaq Deficiency Notice
Portfolio Pulse from Happy Mohamed
Tiziana Life Sciences (TLSA) has received a notice from Nasdaq stating that the company is not in compliance with the $1.00 Minimum Bid Price Requirement for continued listing. The company has until January 16, 2024, to regain compliance by having the closing bid price of its shares meet or exceed $1.00 for at least ten consecutive business days. The notice is not of imminent delisting and Tiziana intends to resolve the deficiency.

July 21, 2023 | 8:19 pm
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NEGATIVE IMPACT
Tiziana Life Sciences has received a deficiency notice from Nasdaq for not meeting the $1.00 Minimum Bid Price Requirement. The company has until January 16, 2024, to regain compliance.
The news of the deficiency notice could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term. However, the company has stated its intention to regain compliance, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100