Kazia Therapeutics Receives 180-Day Extension From Nasdaq To Meet Minimum Bid Price Requirement Until November 18, 2024
Portfolio Pulse from Benzinga Newsdesk
Kazia Therapeutics has received a 180-day extension from Nasdaq to meet the minimum bid price requirement, with a new deadline set for November 18, 2024.
May 23, 2024 | 6:46 pm
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Kazia Therapeutics has been granted a 180-day extension by Nasdaq to meet the minimum bid price requirement, pushing the deadline to November 18, 2024. This extension provides the company with additional time to comply with Nasdaq's listing rules, potentially stabilizing investor confidence in the short term.
The extension from Nasdaq allows Kazia Therapeutics more time to meet the minimum bid price requirement, which can help stabilize the stock price and maintain investor confidence. This is a positive development as it reduces immediate delisting risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100