Chemomab Therapeutics Regains Compliance With Nasdaq Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Chemomab Therapeutics has regained compliance with Nasdaq's minimum bid price requirement after its ADSs maintained a closing bid price of $1.00 or greater for 10 consecutive business days.

July 26, 2024 | 11:08 am
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Chemomab Therapeutics has regained compliance with Nasdaq's minimum bid price requirement, which could stabilize investor confidence and potentially lead to a short-term price increase.
Regaining compliance with Nasdaq's minimum bid price requirement removes the risk of delisting, which is a positive development for investor confidence. This could lead to a short-term increase in the stock price as the immediate threat of delisting is removed.
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RELEVANCE 100