Alzamend Neuro Regains Compliance With Nasdaq's Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Alzamend Neuro, Inc. (NASDAQ:ALZN) has regained compliance with Nasdaq's Minimum Bid Price Requirement by maintaining a closing bid price of at least $1.00 per share for ten consecutive trading days. Nasdaq has confirmed that the matter is now closed.
July 31, 2024 | 12:13 pm
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Alzamend Neuro has regained compliance with Nasdaq's Minimum Bid Price Requirement, which is a positive regulatory development for the company.
Regaining compliance with Nasdaq's Minimum Bid Price Requirement is a significant positive development for Alzamend Neuro. It ensures that the company remains listed on the Nasdaq, which can boost investor confidence and potentially lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100