Novo Integrated Sciences Regains Compliance With Nasdaq Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Novo Integrated Sciences, Inc. (NVOS) has regained compliance with Nasdaq's minimum bid price requirement. Nasdaq confirmed that NVOS's stock maintained a closing bid price of $1.00 or more for 11 consecutive business days, meeting the Listing Rule 5550(a)(2) for continued listing.
November 24, 2023 | 2:22 pm
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Novo Integrated Sciences has successfully met Nasdaq's minimum bid price requirement, ensuring its continued listing on the exchange.
Regaining compliance with Nasdaq's minimum bid price requirement is a positive development for NVOS. It removes the immediate risk of delisting, which can restore investor confidence and potentially lead to a more stable or positive stock price movement in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100