Affimed receives Nasdaq notice of non-compliance

Affimed (AFMD) announced that it has received a written notice dated April 15 from the Listing Qualifications Department of The Nasdaq Stock Market indicating that, for the last thirty consecutive business days, the bid price for the company’s common shares had closed below the minimum $1.00 per share requirement for continued listing on the Nasdaq under Nasdaq Listing Rule 5450(a)(1). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the company has been provided an initial period of 180 calendar days, or until October 13, to regain compliance.