STRATA Skin Sciences Announced That It Has Received A Notification Letter From Nasdaq Stock Market That Company Has Been Granted 180-Day Extension, Or Until June 24, 2024, To Regain Compliance With Nasdaq's Minimum Bid Price Rule
Portfolio Pulse from Benzinga Newsdesk
STRATA Skin Sciences (SSKN) has been granted a 180-day extension, until June 24, 2024, by Nasdaq to meet the minimum bid price requirement for continued listing.
January 03, 2024 | 1:16 pm
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STRATA Skin Sciences has received a 180-day extension from Nasdaq to regain compliance with the minimum bid price rule, providing more time to improve its stock price.
The extension is a positive development for STRATA Skin Sciences as it provides additional time for the company to work on increasing its stock price above the minimum bid price required by Nasdaq. This news may instill confidence in investors and could lead to a short-term positive impact on the stock price. However, the underlying issues causing the low stock price still need to be addressed for long-term compliance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100