Bone Biologics Regains Compliance with Nasdaq Continued Listing Requirements
Portfolio Pulse from Benzinga Newsdesk
Bone Biologics Corporation (BBLG) has regained compliance with Nasdaq's minimum bid price requirement, ensuring its continued listing on The Nasdaq Capital Market. The company's stock had previously failed to meet the $1.00 minimum closing bid price for 30 consecutive days but has now maintained a price above $1.00 for 10 consecutive trading days as of January 4, 2024. Bone Biologics will be monitored by Nasdaq until June 28, 2024.
January 10, 2024 | 1:22 pm
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Bone Biologics (BBLG) has successfully regained compliance with Nasdaq's minimum bid price requirement, which is a positive development for the company's continued listing on the exchange.
Regaining compliance with Nasdaq's listing requirements is a significant positive development for Bone Biologics. 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. The news directly affects BBLG and is critical for investors as it ensures the company's stock remains tradable on a major exchange.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100