Akari Therapeutics Regains Compliance With Nasdaq Minimum Bid Price Requirement
Portfolio Pulse from Happy Mohamed
Akari Therapeutics, Plc (NASDAQ:AKTX), a biotechnology company, has regained compliance with the Nasdaq minimum bid price requirement. The company received a notification from Nasdaq after its American Depository Shares (ADSs) had a closing bid price of $1.00 per share or greater for 10 consecutive business days.
September 05, 2023 | 12:19 pm
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Akari Therapeutics has regained compliance with the Nasdaq minimum bid price requirement, which could potentially boost investor confidence in the company.
Regaining compliance with Nasdaq's minimum bid price requirement is a positive development for Akari Therapeutics. It indicates that the company's stock is performing well enough to meet Nasdaq's standards, which could boost investor confidence and potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100