Windtree Therapeutics Regains Compliance With Nasdaq
Portfolio Pulse from Benzinga Newsdesk
Windtree Therapeutics, Inc. (WINT) has regained compliance with Nasdaq's minimum bid price requirement for 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 trading days, violating Nasdaq Listing Rule 5550(a)(2). Compliance was achieved after the stock maintained a closing bid price of $1.00 or more for 10 consecutive trading days, concluding on May 3, 2024.
May 07, 2024 | 12:08 pm
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POSITIVE IMPACT
Windtree Therapeutics has successfully regained compliance with Nasdaq's minimum bid price requirement, ensuring its continued listing on The Nasdaq Capital Market.
Regaining compliance with Nasdaq's minimum bid price requirement is a significant positive development for Windtree Therapeutics. It removes the immediate risk of delisting, which can restore investor confidence and potentially lead to a more favorable market perception of the company. This compliance indicates the company's ability to meet key regulatory standards, which is crucial for maintaining its listing and attracting investment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100