Nasdaq Grants Vaccinex Extension Until March 4, 2024 to Regain Compliance with Listing Rule
Portfolio Pulse from Benzinga Newsdesk
Nasdaq has granted Vaccinex, Inc. an extension until March 4, 2024, to regain compliance with the Nasdaq Listing Rule. This extension provides Vaccinex with additional time to meet the minimum bid price requirement.
December 04, 2023 | 1:09 pm
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POSITIVE IMPACT
Vaccinex, Inc. has received an extension from Nasdaq to regain compliance with the minimum bid price rule by March 4, 2024, which may positively influence investor confidence and the stock price in the short term.
The extension by Nasdaq is a positive development for Vaccinex as it alleviates immediate delisting concerns and may improve investor sentiment. This could lead to a short-term increase in the stock price as the pressure to meet the minimum bid price requirement is temporarily eased. However, the company still needs to address the underlying issue to maintain its listing in the long term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100