NuCana Announces Listing Transfer To Nasdaq Capital Market
Portfolio Pulse from Benzinga Newsdesk
NuCana plc (NASDAQ:NCNA) has transferred its listing from the Nasdaq Global Select Market to the Nasdaq Capital Market effective November 9, 2023. The transfer was approved based on meeting the market value of publicly held shares requirement and other criteria, except for the minimum bid price. NuCana's ADSs continue to trade under the ticker symbol 'NCNA'. Nasdaq has granted NuCana an additional 180 days to comply with the minimum bid price requirement of $1.00 per ADS.
November 10, 2023 | 9:01 pm
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NEUTRAL IMPACT
NuCana plc has successfully transferred its listing to the Nasdaq Capital Market and has been granted an additional 180 days to meet the Nasdaq's minimum bid price requirement.
The transfer of listing to the Nasdaq Capital Market does not directly affect the trading of NuCana's ADSs, as they continue to trade under the same ticker symbol 'NCNA'. However, the additional 180-day grace period to meet the minimum bid price requirement may be viewed positively by investors as it provides the company with more time to improve its stock price and maintain its listing. The importance is rated at 75 because maintaining compliance with Nasdaq's listing requirements is crucial for the company's continued presence in the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100