Brainstorm Cell Therapeutics shares are trading lower after the company announced it received a letter from the Nasdaq indicating that it did not regain compliance with the minimum bid price requirement.
Portfolio Pulse from Benzinga Newsdesk
Brainstorm Cell Therapeutics' stock is trading lower following a notification from Nasdaq about its failure to meet the minimum bid price requirement, risking its compliance status.
May 06, 2024 | 3:23 pm
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Brainstorm Cell Therapeutics' shares are trading lower after failing to meet Nasdaq's minimum bid price requirement.
The announcement directly impacts Brainstorm Cell Therapeutics as it indicates regulatory challenges and potential risks of delisting, which typically leads to negative investor sentiment and a decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100