BiomX receives noncompliance notification from Nasdaq

BiomX (PHGE) announced that the company received a notice from the staff of NYSE American that the company was not in compliance with the NYSE American’s continued listing standards in Part 10, Section 1003 of the NYSE American company guide, requiring a company to have stockholders’ equity of at least $2M if it has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years, Section 1003 of the company guide requiring a company to have stockholders’ equity of at least $4M if it has reported losses from continuing operations and/or net losses in three of its four most recent fiscal years and Section 1003 of the company guide requiring a company to have stockholders’ equity at least $6M if it has reported losses from continuing operations and/or net losses in its five most recent fiscal years. The notice also indicates that the company is also not currently eligible for any exemption in Section 1003 of the company guide.