Applied DNA regains compliance with Nasdaq minimum bid price rule

Applied DNA Sciences (APDN) received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market, informing the Company that it has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). As previously reported, the Company was notified onNovember 12, 2024, that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Minimum Bid Price Requirement. To regain compliance with the Minimum Bid Price Requirement, the closing bid of the Company’s common stockneeded to be at least $1.00 for a minimum of 10 consecutive business days. Nasdaq determined that for 16 consecutive business days, from March 14 through April 4, 2025, the closing bid price of the Company’s common stock was $1.00 per share or greater. Accordingly, the Company has regained compliance with the Minimum Bid Price Requirement, and Nasdaq now considers this matter closed.