Renalytix Receives Written Notification From Nasdaq On August 23, 2024 That Following The Presentation Of Its Operating And Financing Plan, The Co Has Been Granted An Extension Until October 25, 2024 To Regain Compliance With The Minimum Bid Price Requirement And Other Applicable Nasdaq Listing Requirements
Portfolio Pulse from Benzinga Newsdesk
Renalytix has received an extension from Nasdaq until October 25, 2024, to comply with the minimum bid price and other listing requirements after presenting its operating and financing plan.
August 27, 2024 | 1:44 pm
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Renalytix has been granted an extension by Nasdaq to meet the minimum bid price and other listing requirements, providing the company more time to stabilize its stock price.
The extension allows Renalytix more time to address compliance issues, which is a positive development as it avoids immediate delisting risks. This could stabilize or improve investor confidence in the short term.
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