Apollomics Granted 180-Day Extension To Regain Compliance With Nasdaq Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Apollomics Inc. (NASDAQ:APLM) has been granted a 180-day extension by Nasdaq to regain compliance with the minimum bid price requirement. The company had previously received a notice for not meeting the $1.00 per share bid price for 30 consecutive business days.
July 16, 2024 | 8:50 pm
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Apollomics Inc. has been granted a 180-day extension by Nasdaq to meet the minimum bid price requirement of $1.00 per share. The company had previously fallen below this threshold for 30 consecutive business days.
The extension provides Apollomics with additional time to meet Nasdaq's listing requirements, which could stabilize investor sentiment in the short term. However, the company still needs to address the underlying issue of its stock price being below $1.00.
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