Sunshine Biopharma Receives Notification Letter From The Nasdaq Stock Market Granting The Company's Request For An Exception Until August 26, 2024, To Regain Compliance
Portfolio Pulse from Benzinga Newsdesk
Sunshine Biopharma, Inc. (SBFM) has received a notification letter from Nasdaq granting an exception until August 26, 2024, to regain compliance with Nasdaq's minimum bid price requirement.
July 01, 2024 | 8:09 pm
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Sunshine Biopharma, Inc. (SBFM) has been granted an exception by Nasdaq until August 26, 2024, to regain compliance with the minimum bid price requirement.
The exception granted by Nasdaq provides Sunshine Biopharma with additional time to meet the minimum bid price requirement, which could stabilize investor sentiment in the short term. However, the company's ability to regain compliance remains uncertain, leading to a neutral short-term impact on the stock price.
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