CERo Therapeutics Received A Letter From Nasdaq Notifying The Company That It Had Not Regained Compliance With The MVLS Requirement Within The Cure Period; Nasdaq Has Determined To Delist The Company's Securities From Nasdaq On November 8, 2024; On October 31, 2024, The Co Requested A Hearing To Appeal The Determination Before A Panel
Portfolio Pulse from Benzinga Newsdesk
CERo Therapeutics has received a delisting notice from Nasdaq due to non-compliance with the MVLS requirement. The company has requested a hearing to appeal the decision and plans to present a compliance plan. The outcome of the appeal is uncertain.
November 01, 2024 | 9:11 pm
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CERo Therapeutics is at risk of being delisted from Nasdaq due to non-compliance with MVLS and other requirements. The company has requested a hearing to appeal the decision and intends to present a compliance plan.
The delisting notice from Nasdaq is a significant negative event for CERo Therapeutics, as it indicates serious compliance issues. The company's request for a hearing and intention to present a compliance plan shows they are attempting to rectify the situation, but the uncertainty of the outcome and the potential for delisting create a negative short-term outlook for the stock.
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IMPORTANCE 90
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