Equillium Inc: Receives Nasdaq Notice Of Non-Compliance With Listing Rule 5550(A)(2) On July 19, 2024
Portfolio Pulse from Benzinga Newsdesk
Equillium Inc. has received a notice of non-compliance from Nasdaq for failing to meet the minimum bid price requirement of $1.00 for 30 consecutive days. The company has until January 15, 2025, to regain compliance, and there is no immediate effect on its listing.
July 23, 2024 | 8:24 pm
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Equillium Inc. has been notified by Nasdaq of non-compliance with the minimum bid price rule, as its stock has been below $1.00 for 30 consecutive days. The company has until January 15, 2025, to regain compliance, with no immediate effect on its listing.
The notice of non-compliance from Nasdaq indicates that Equillium's stock has been underperforming, which could lead to negative sentiment among investors. Although there is no immediate effect on the listing, the company needs to address this issue to avoid potential delisting, which could further impact the stock price negatively.
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