Scinai Immunotherapeutics Says It Got Compliance With Nasdaq Minimum Bid Price Requirement; Plans To Work With European Investment Bank To Regain Compliance With Nasdaq Minimum Shareholders' Equity Requirement
Portfolio Pulse from Benzinga Newsdesk
Scinai Immunotherapeutics has regained compliance with Nasdaq's minimum bid price requirement. The company plans to collaborate with the European Investment Bank to meet Nasdaq's minimum shareholders' equity requirement.

June 07, 2024 | 11:03 am
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Scinai Immunotherapeutics has regained compliance with Nasdaq's minimum bid price requirement and is working with the European Investment Bank to meet the minimum shareholders' equity requirement.
Regaining compliance with Nasdaq's minimum bid price requirement is a positive development for Scinai Immunotherapeutics, as it ensures continued listing on the exchange. The collaboration with the European Investment Bank to meet the minimum shareholders' equity requirement further indicates proactive steps to stabilize and improve the company's financial standing.
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