Biophytis Receives Notice Of Delisting From Nasdaq And Announces It Will Request A Hearing Before The Nasdaq Hearings Panel
Portfolio Pulse from Benzinga Newsdesk
Biophytis SA (NASDAQ CM:BPTS) has received a notice of delisting from Nasdaq due to non-compliance with the minimum $2,500,000 stockholders' equity requirement. The company intends to request a hearing before the Nasdaq Hearings Panel to present its plan for regaining and sustaining compliance.
October 27, 2023 | 9:30 pm
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NEGATIVE IMPACT
Biophytis SA's stock may be impacted by the potential delisting from Nasdaq. The company's plan to regain compliance will be crucial for its continued listing.
The news of a potential delisting is a significant negative event for any company. It often leads to a decrease in investor confidence and can negatively impact the stock price. The company's ability to present a convincing plan to regain compliance will be crucial for its continued listing and could influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100