Allarity Therapeutics Regains Compliance With NASDAQ Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
Allarity Therapeutics has regained compliance with Nasdaq's minimum bid price requirement, maintaining a closing bid price of $1.00 or more for 20 consecutive trading days.

October 10, 2024 | 12:13 pm
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POSITIVE IMPACT
Allarity Therapeutics has successfully 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 crucial for Allarity Therapeutics to avoid delisting, which can negatively impact investor confidence and stock liquidity. This development is likely to have a positive short-term impact on the stock price as it removes the risk of delisting.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100