SaverOne Announces Receipt Of Nasdaq Minimum Bid Price Notification
Portfolio Pulse from Benzinga Newsdesk
SaverOne 2014 Ltd. (NASDAQ:SVRE) has received a notice from Nasdaq for not complying with the minimum bid price requirement. The company's closing bid price for its American Depositary Shares was below $1.00 per share for the last 30 consecutive business days. SaverOne has been granted a 180-day compliance period, until April 22, 2024, to regain compliance. If the company fails to regain compliance, it may be subject to delisting.
October 27, 2023 | 8:09 pm
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NEGATIVE IMPACT
SaverOne's non-compliance with Nasdaq's minimum bid price requirement could lead to potential delisting if not rectified within the given 180-day period.
The news of non-compliance with Nasdaq's minimum bid price requirement is a negative signal for SaverOne. If the company fails to regain compliance within the given period, it could face delisting, which would negatively impact the stock price. Therefore, the score is -1.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100