Novo Integrated Sciences (NVOS) has released an update.
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Novo Integrated Sciences, Inc. received a notice from Nasdaq for not meeting the minimum bid price of $1.00 per share, a requirement for continued listing on The Nasdaq Capital Market. The company’s stock price fell below this threshold for over 30 consecutive days. While this does not immediately affect its listing, the company has until August 7, 2024, to rectify this by maintaining the minimum bid price for at least 10 consecutive business days. If unsuccessful, it may get an additional 180 days to comply before facing delisting, which it can appeal. The company is exploring options to meet the Nasdaq’s requirements.
For further insights into NVOS stock, check out TipRanks’ Stock Analysis page.