Reported Late Wednesday, Psyence Biomedical Received Nasdaq Notification On Minimum Bid Price Rule Non-Compliance
Portfolio Pulse from Benzinga Newsdesk
Psyence Biomedical received a notification from Nasdaq regarding non-compliance with the minimum bid price rule. This could lead to potential delisting if the issue is not resolved.
July 05, 2024 | 3:00 pm
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Psyence Biomedical has received a notification from Nasdaq for non-compliance with the minimum bid price rule. This could lead to potential delisting if the issue is not resolved.
The notification from Nasdaq indicates that Psyence Biomedical is not meeting the minimum bid price rule, which is a critical regulatory requirement. Failure to comply could result in delisting, negatively impacting investor confidence and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100