Chemomab Therapeutics Granted 180-Day Extension By Nasdaq To Regain Compliance with Minimum Bid Price Rule
Portfolio Pulse from Benzinga Newsdesk
Chemomab Therapeutics has received a 180-day extension from Nasdaq to meet the minimum bid price requirement for continued listing. This extension provides the company additional time to comply with Nasdaq's listing rules by increasing its stock price to the required minimum bid level.
May 08, 2024 | 11:15 am
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Chemomab Therapeutics has been granted a 180-day extension by Nasdaq to regain compliance with the minimum bid price rule, offering a potential turnaround period for its stock.
The extension by Nasdaq is a positive development for Chemomab Therapeutics, as it provides the company with additional time to improve its stock price and comply with Nasdaq's listing requirements. This news could lead to increased investor confidence and potentially a higher stock price in the short term as the company works towards meeting the minimum bid price rule.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100