Seelos Therapeutics Announces Nasdaq Panel Grants The Request For An Additional Period, Will Remain Listed On Nasdaq, To Regain Compliance With Rule 5550(b)(2)
Portfolio Pulse from Benzinga Newsdesk
Seelos Therapeutics has announced that the Nasdaq Panel has granted their request for an additional period to regain compliance with Rule 5550(b)(2), allowing the company to remain listed on Nasdaq.
July 26, 2024 | 8:05 pm
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Seelos Therapeutics has been granted additional time by the Nasdaq Panel to regain compliance with Rule 5550(b)(2), ensuring its continued listing on Nasdaq.
The news that Seelos Therapeutics has been granted additional time to regain compliance with Nasdaq's listing requirements is positive. It removes the immediate risk of delisting, which could have negatively impacted the stock price. Investors may view this as a sign of potential stability and a chance for the company to address compliance issues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100