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INVO Bioscience (INVO) just unveiled an announcement.
INVO Bioscience, through its subsidiary INVO Centers, has assigned its Tampa property lease to Brown Fertility after a setback with its Tampa INVO Center plans, receiving $475,000 which will partially cover the property’s buildout and rent, with the rest for working capital. Meanwhile, the company is facing potential delisting from Nasdaq after falling short of the stockholders’ equity requirement, despite a previous compliance achievement. INVO plans to appeal this determination and is exploring ways to rectify the situation, but there is no certainty it will regain compliance or prevent delisting.
Learn more about INVO stock on TipRanks’ Stock Analysis page.