What's Going On With Apollomics (APLM) Stock Exploding Higher?
Portfolio Pulse from Henry Khederian
Apollomics Inc (NASDAQ:APLM) shares surged by 17.6% to $0.24 after receiving a 180-day extension from Nasdaq to address non-compliance with listing requirements. The company must achieve a minimum bid price of $1.00 per share for ten consecutive business days by January 13, 2025, to avoid delisting.
July 17, 2024 | 7:20 pm
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Apollomics Inc (NASDAQ:APLM) shares surged by 17.6% after the company received a 180-day extension from Nasdaq to address non-compliance with listing requirements. The company must achieve a minimum bid price of $1.00 per share for ten consecutive business days by January 13, 2025, to avoid delisting.
The extension from Nasdaq provides Apollomics with additional time to regain compliance, which has positively impacted investor sentiment, leading to a 17.6% increase in share price. The news is highly relevant and important as it directly affects the company's listing status and stock price.
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IMPORTANCE 80
RELEVANCE 100